Audit Red Flags: Navigating Financial, Behavioral, and Control Risks in AuditingCode: 27-AUDITRF

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Course Details

Pages: 67
Course Overview
This course covers the key red flags auditors should watch for during audits. It explores risks in financial reporting, revenue recognition, internal controls, and compliance. The course helps auditors identify warning signs of potential fraud, misstatements, and issues like weak internal controls or suspicious audit evidence. It also addresses red flags in management behavior, cybersecurity, and going concern evaluations.
Learning Objectives
Upon completion of this chapter, you will be able to:
  •  Identify red flags in financial statements that suggest potential misstatements or fraud
  •  Recognize common issues in revenue recognition practices that could indicate improper reporting
  •  Distinguish between normal financial reporting practices and warning signs of manipulation
Category: Auditing

Recommended CPE Hours: 4

Level of knowledge: Overview

Prerequisite: General understanding of Auditing

Advanced Preparation: None

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