Subscribe for NewsLetters
Email: *
 
First Name: *
 
Last Name:
 
Organization:
 
Position:
 
Country:
Enter Captcha:*
captcha
Search_btn
Mktg 87124 Audit Net 468x60
Iia Sept 2021 728x90
Auditnet 728x90 Arbutus Banner 1[1]
Ad (728x90) Orange No.Thumb Headline2
Financial Statement Fraud through Long term Contracts

Name

Financial Statement Fraud through Long term Contracts

Description

FRAUD AREA: Financial Statement Fraud through Long term Contracts


INTRODUCTION:

Long Term Contracts' revenue is recognized based on the percentage of completion method, the revenue can be overstated or premature revenue can be recognized through manipulating the percentage of completion of the project.

CONTROL OBJECTIVE:

  1. To ensure that revenue is not recognized prematurely. 
  2. To ensure that method of assessing completion of contract stage is appropriate and applied consistently. 

Login to download this fraud information related template.

Standard (Non-IT) Audit Program

You need to login to add your comment

0 Comments

Download

This file is only available to premium subscribers or site license users. Please log in or sign up for a subscription to get this file.

Subscription Level

Premium

Type

Procedures

Language

English