Week 2 Topic 1 Post 2 Review Minimum of 150 words apa format

Week 2 Topic 1 Post 2 Review Minimum of 150 words apa format

Marisol

Audit planning will be thought of when assessing business risk. Auditors are increasingly required to include business risk to classes of transactions, account balances, and to the financial statement assertions affected ("Keiser University," n.d.). The gaming industry is sometimes very complex. The AICPA has a book that provides guidelines and recently updated Accounting Standards and GASB statements in order to provide more information to auditors. Revenue recognition is one of the most important financial statements that would have to be closely looked at. Each state has it's own rules and procedures so the auditor would need to be very knowledgeable of gaming guidelines. 

References: 

Gaming - AICPA. (n.d.). Retrieved from

          http://www.aicpa.org/Publications/AccountingAuditing/KeyTopics/Pages/Gaming.aspx

Keiser University. (n.d.). Retrieved from 

         https://search-proquest-com.prx-keiser.lirn.net/central/docview/213982259/80380F5A14A34B84PQ/3?accountid=35796