Auditing of Cash Flow, Revenue Recognition and Going Concern

Course outline:

This course looks at areas frequently noted by monitoring bodies as being areas of weakness, being the cash flow statement, revenue recognition and going concern.

The course will include:

• A reminder of the relevant requirements in the financial reporting framework (focussing primarily on FRS 102) for these areas.
• A refresher on the specific ISA requirements relevant to these areas (for example ISA 240’s presumed fraud risk in revenue recognition and ISA 570 covering going concern)
• The specific concerns flagged by monitoring bodies, combined with observations from our file reviews, with practical considerations on how to address/avoid these.

CPD Hours: 3