How to Audit Accounting Estimates
Overview
When auditing management’s accounting estimates, increased professional skepticism is necessary as there is always the potential for bias in areas of increased subjectivity & complexity. This course will demonstrate procedures to test the process used by management to develop estimates, as well as walk through common examples of accounting estimates that are included in the financial statements. It includes the updated requirements in SAS 143.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Highlights
The major topics that will be covered in this course include:
- Procedures to test the process used by management to develop estimates.
- Common examples of accounting estimates that are included in the financial statements.
- Updated requirements in SAS 143.
Prerequisites
None
Designed For
Accountants and Auditors
Objectives
After attending this presentation, you will be able to...
- Perform audit procedures to obtain comfort over the reasonableness of management's estimates
- Recall circumstances that require accounting estimates
Preparation
None
Leader(s):
Leader Bios
Jaclyn Veno, CPA Crossings Webinars
<Jaclyn Veno, CPA has extensive experience in accounting, auditing, and adult learning. At Galasso Learning Solutions, she develops highly rated Level Training programs that bring concepts to life through case studies, hands-on activities, and games.Before joining GLS, she worked for two Top 10 CPA firms, managing international teams and overseeing more than 20 acquisition audits. A Clemson University grad with both bachelor’s and master’s degrees in accounting, she also holds certificates in Adult Learning Theory, Instructional Design, and Facilitation.
Non-Member Price $109
Member Price $89