This course focuses on the auditor’s role in reviewing accounting estimates. It covers key audit procedures, including testing management’s methods and assumptions, evaluating data, and identifying risks. Challenges like incomplete information and complex models are addressed, with examples of effective audit strategies and communication practices.
Course Publication Date:
April 15, 2025
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$10.00!
| Author: | Kelen Camehl |
| Course No: | AUD-AUDITECH-29005 |
| Recommended CPE: | 1.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Auditing
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Learning Objectives
- Identify the auditor’s responsibilities in evaluating accounting estimates.
- Select appropriate audit procedures for testing the accuracy of accounting estimates.
- Recognize common challenges auditors face when testing complex estimates.
- Differentiate between effective and ineffective audit strategies for assessing accounting estimates.