Accounting estimates are often some of the most difficult and subjective amounts included in U.S. GAAP financial statements. These estimates are pervasive and are often sensitive to relatively small changes in assumptions or circumstances, which can have a significant impact on the recorded (or not recorded) estimate in the financial statements. In this course, we will review the relevant auditing guidance related to auditing estimates, including the estimate for credit losses under ASC 326. We will focus on the three most common ways auditors can approach their audit of accounting estimates: waiting for the contingency to resolve itself, auditing the client's estimation process, and developing the auditor's point or range of estimate. Then we will review what has changed since SAS 143 became effective for 2023 audits.
Experience in accounting and attestation
Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.
CME40626
Registration is open through 06/25.
8:30am to 12:00pm (Check-In 8:00am)
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June 25, 2024
July 17, 2024