Overview 2.0 Credits ONLINE 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.
Objectives • Perform audit procedures to obtain comfort over the reasonableness of management's estimates• Recall circumstances that require accounting estimates
