Auditing Accounting Estimates
Description
What does a measuring cup, scale, ruler and thermometer have in common? They are helpful measuring tools we use on a frequent basis. But can you guess when we can’t use these? When auditing accounting estimates! Although estimates are everywhere in the financial statements, there is not one, common tool to use when auditing these amounts. By nature, accounting estimates vary widely, are subject to estimation uncertainty and are filled with judgments – no two estimates are alike! This auditing accounting estimates CPE course provides you with an overview of what you need to know under both U.S. GAAS and PCAOB requirements.
This auditing accounting estimates CPE-eligible (1.0 CPE) eLearning course dives into both PCAOB and U.S. GAAS requirements for auditing accounting estimates, including the approaches used and considerations for fair value measurements. It covers the guidance in both AU-C 540 and AS 2501.
Topics covered include:
- Overview of foundational concepts when auditing estimates
- Risk assessment and estimates
- Audit response to estimates
- Fair value measurement and other considerations
If you're an auditor under either U.S. GAAS or PCAOB auditing standards, this auditing accounting estimates CPE course is a must! It is easy to understand, full of examples, and fun!
Interested in group discounts for your team? Contact us to learn more.
Learning Objectives
By the end of this course, you should be able to:
- Recall the prescribed approaches for auditing accounting estimates
- Identify auditor requirements for auditing accounting estimates, including fair value estimates
Additional Information
| Last Updated | 04/01/2024 |
|---|---|
| CPE Credit | 1 |
| Field of Study | Auditing |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Overview |
| Prerequisites | None |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$120
1h 00m
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