Sign up for our weekly newsletter
New Audit StandardsCode: 22-AUDSTD
Add to Cart
Add to Cart
Objectives: The objective of this course is to address the new auditing standards issued by the Auditing Standards Board as SAS Nos. 142-143.
The first segment of the course addresses SAS No. 142ís expanded guidance on what comprises audit evidence in a financial statement audit. Topics include: evaluating audit evidence; testing audit evidence; relevance and reliability of audit evidence including its source; susceptibility to management bias; corroborative or contradictory information; evaluating whether information is sufficiently precise and detailed for the auditorís purposes; and use of automated tools and techniques.
The second segment is a review of SAS No. 143ís 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.
Presentation Method: Self-Study
CPE credit: 2
Program Level: Overview
Prerequisites: General understanding of U.S. auditing standards
Advance Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase
No reviews yet.