This course covers the new auditing standards issued by the Auditing Standards Board as SAS No. 142-143. The first segment of the course addresses SAS No. 142’s expanded guidance on what comprises audit evidence in a financial statement audit. The second segment is a review of SAS No. 143’s guidance on accounting estimates including the degree of estimation uncertainty; risk assessment procedures related to accounting estimates; identifying and assessing the risks of material misstatement including responses to the assessment; indicators of possible management bias, and more.
Format: Online pdf (68 pages). Printed book available.
Prerequisites: General understanding of compilation and review and auditing standards
CPE Credit: 2 hrs.
Field of Study: Auditing
Course expiration: You have one year from date of purchase to complete the course.
Course Revision Date: April 2021