Accounting Estimates, Including Fair Value – Evaluating the Propriety of Areas within Uncertainty (Self-Study Video)
2 Credits: Auditing
$98.00
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Secure Transaction Accounting Estimates, Including Fair Value – Evaluating the Propriety of Areas within Uncertainty (Self-Study Video)
Format
Self-Study Video
Course Level
Basic
CPE Credits
2 Credits: Auditing
Course Description
Accounting estimates are an approximation of a monetary amount in the absence of a precise means of measurement. The risks of material misstatement for areas of estimation tend to be higher due to the dependence on future events and the intended actions of management. This module will discuss tips and techniques for gathering sufficient appropriate audit evidence to support conclusions related to accounting estimates.
Learning Objectives
Upon completion of this course, participants will be able to:
- List typical areas of estimation and related audit risks
- Explain how to link the assessed risk of material misstatement to a detailed audit plan
- Recall the importance of challenging management’s assumptions when auditing estimates
- Describe fair value modeling techniques, including for non-readily marketable investments
- Describe how to properly evaluate the sufficiency and appropriateness of audit evidence and resulting conclusions when there is accounting uncertainty
Course Specifics
SSVID924389631
July 11, 2024
None
None
Compliance Information
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Jennifer F. Louis, CPA has over 25 years experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003 she founded Emergent Solutions Group, which is dedicated to meeting organization’s professional training needs on a project or part-time basis. Jennifer serves a wide variety of clients, including public accounting firms, state CPA societies, private industry corporations, and public sector agencies.Previously Jennifer served as the Director of Audit Product Development at Surgent Professional Education for three years. Prior to that, Jennifer was Executive Vice President/Director of …
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