- NY Credits : 1.0
- TX Credits : 1.0
This course provides an overview of the necessities for testing the population of journal entries and elements of AU-C 240 that contribute to an auditors assessment of risk of fraudulent financial reporting. In addition, a basic framework for testing journal entries is presented along with step-by-step guidance for conducting a subset of these tests using both Microsoft Excel and Microsoft Access.
This basic level course is most beneficial to professionals new to journal entry testing who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this topic.
Upon successful completion of this course, the user should be able to:
identify the basic provisions of AU-C 240 and the basic steps to undertake when testing journal entries; and
recognize a series of tests to identify potentially problematic journal entries using Microsoft Excel and Access.