{"id":2556,"date":"2020-10-30T11:43:21","date_gmt":"2020-10-30T11:43:21","guid":{"rendered":"http:\/\/onlineclassesguru.com\/?p=2556"},"modified":"2020-10-30T11:43:21","modified_gmt":"2020-10-30T11:43:21","slug":"auditors-focus-on-revenue-as-a-significant-account","status":"publish","type":"post","link":"https:\/\/onlineclassesguru.com\/index.php\/2020\/10\/30\/auditors-focus-on-revenue-as-a-significant-account\/","title":{"rendered":"Auditors Focus On Revenue As A Significant Account"},"content":{"rendered":"<style type=\"text\/css\"><\/style><p>1)Why do auditors focus on revenue as a significant account and the occurrence of revenue as a relevant assertion in the revenue cycle?<\/p>\n<p><span class=\"redactor-invisible-space\">2)Why is inherent risk for the existence assertion for accounts receivable often set higher than inherent risk for the completeness assertion?<\/span><\/p>\n<p><span class=\"redactor-invisible-space\">3)Why do you think companies use revenue recognition as a primary means for inflating profits?<\/span><\/p>\n<p><span class=\"redactor-invisible-space\">4)Why is the audit of revenue recognition riskier for a new company?<\/span><\/p>\n<p><span class=\"redactor-invisible-space\">5)What alternative procedures should be applied to accounts that do not return confirmations?<\/span><\/p>\n<p><center><a href=\"http:\/\/onlineclassesguru.com\/orders\/ordernow\"><img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcTyj99p60XCLyLk1htB7-1neRt8-2QdnenNlQ&usqp=CAU\"target=\"_http:\/\/onlineclassesguru.com\/orders\/ordernow\"\/><\/center><p>","protected":false},"excerpt":{"rendered":"<p>1)Why do auditors focus on revenue as a significant account and the occurrence of revenue as a relevant assertion in the revenue cycle? 2)Why is inherent risk for the existence assertion for accounts receivable often set higher than inherent risk for the completeness assertion? 3)Why do you think companies use revenue recognition as a primary&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2556","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Auditors Focus On Revenue As A Significant Account - onlineclassesguru<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/onlineclassesguru.com\/index.php\/2020\/10\/30\/auditors-focus-on-revenue-as-a-significant-account\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auditors Focus On Revenue As A Significant Account - onlineclassesguru\" \/>\n<meta property=\"og:description\" content=\"1)Why do auditors focus on revenue as a significant account and the occurrence of revenue as a relevant assertion in the revenue cycle? 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