Accounting Estimates - Audit Techniques to Address Risks and Bias
Author: Kelen Camehl
| CPE Credit: |
1 hour for CPAs |
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.
Publication Date: March 2025
Topics Covered
- Accounting Estimates
- Key audit procedures
- Evaluating Data
- Identifying risks
Learning Objectives
- Identify the auditor’s responsibilities in evaluating accounting estimates
- Identify appropriate audit procedures for testing the accuracy of accounting estimates
- Recognize common challenges auditors face when testing complex estimates
- Recognize how to differentiate between effective and ineffective audit strategies for assessing accounting estimates
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Auditing (1 hour)
Program Prerequisites
None
Advance Preparation
None
