Audit of Accounts Receivable and other Receivables _ 29 February 2012

  Audit of Accounts Receivable and other Receivables

29 February 2012 – 08:30 AM – 17:30 PM 
Sunway Hotel

COURSE OBJECTIVE
The main objective of the course is to provide audit professional with guidance on the audit of accounts receivable and other receivables

COURSE OUTLINE

• Identify common financial statement misstatements involving accounts receivable and other receivables;
• Develop an understanding of the client's revenue recognition policies, credit granting procedures and policies, sales discount and return policies, monthly statement preparation and review procedures, controls over the collection process, and procedures and policies for the write-off of uncollectible accounts receivable;
• Identify and assess the risks of material misstatement at assertion level for accounts receivable and other receivables taking into account relevant mitigating client internal controls;
• Determine the extent of reliance to place on client internal controls over accounts receivable and other receivables; plan the nature, extend and timing of tests of controls, conduct and evaluate the results of these tests of controls; and assess their implications for substantive tests of accounts receivable and other receivables;
• Plan the nature, extend and timing of substantive procedures for various assertions related to accounts receivable and other receivables;
• Understand the use and design use of external confirmations to obtain relevant and reliable audit evidence for account receivable and other receivables;
• Evaluate the audit test findings and draw appropriate audit conclusions for accounts receivable and other receivables

METHODOLOGY
Lecturers, supported by illustrations and interactive discussions.

WHO SHOULD ATTEND
The programme is intended for both practising and non-practising accounting and audit professionals.

TRAINING FEES
Non-Member of KICPAA/ACCA:       USD 150
Member of KICPAA/ACCA:               USD 120
Staff of Member Firms:                     USD 140
Group of three participants:            10% Discount          

For more information, please contact:
Ms. Savuth Daly or Ms. Men Sophea, Tel: 023 990 664; 016 905 934 
Email: savuthdaly@yahoo.com; kicpaa@kicpaa.org.kh
#92, Sangkat Wat Phnom, Khan Daun Penh, Phnom Penh, Cambodia.
(Ministry of Economy and Finance)

TRAINER PROFILE

Ramesh Ruben Louis has over 15 years of working experience. He is a member of ACCA, the Malaysian Institute of Accountants, the Malaysian Institute of Certified Public Accountants, a chartered member of The Institute of Internal Auditors, as well as a Certified Financial Planner. He started his career in Arthur Andersen, and subsequently moved over to BDO. He also has experience in corporate finance whilst attached to Southern Investment Bank Berhad. He was also the Executive Director of training for Morison AAC in Malaysia for several years. Ramesh was instrumental in pioneering the first of its kind, online resource portal for public practitioners in Malaysia in 2008. He is currently the Principal Trainer for MyLearning Training Resources and also provides consulting and advisory services for businesses and public practices in accounting, auditing, corporate finance and risk management across Asia Pacific.

His experience in auditing and risk management ranges from large public listed companies to multinational corporations, government agencies as well as SME’s in a spectrum of industries including plantation, property development, manufacturing, trading, IT, shipping, retailing, etc. Besides that, Ramesh also has hands-on experience on other corporate exercises such as due diligence, IPO’s, issuance of bonds, corporate & debt restructuring and investigative audit.

His training experience includes topics on Internal & Statutory Auditing, Public Sector/Government Audits, Value-for-Money Audits, ISQC 1, Risk Management & Internal Controls, Review and Assurance Engagements such as Financial Due Diligence, Forecasts & Projections, Forensic & Fraud Accounting/Auditing, as well as seminars/workshops on practical application of International Financial Reporting Standards (“IFRS”) and Reporting Standards for SMEs. He has facilitated training for public accountants across Asia Pacific, multinationals such as Ericsson and public sector institutions such as the Auditor General’s Department of Malaysia and Brunei as well as the Ministry of Primary Resources & Industries of Brunei. Ramesh is a certified trainer by the Human Resource Development Fund (HRDF), Ministry of Human Resources Malaysia.