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Overview
CAS 540 Auditing Accounting Estimates and Related Disclosures outlines the requirements in auditing management’s estimates and related disclosures. Many times, auditors face challenges in how to apply the standards. This course will help auditors appreciate the CAS requirements and how to meet them.
Using a practical five-step approach, this course will help auditors identify and assess the risk of material misstatement related to accounting estimates, design and perform risk responses and conclude and report. Furthermore, auditors will leave with a solid approach to documentation.
Through real-world scenarios and illustrative examples, auditors will have a better understanding of the requirements and be able to audit accounting estimates and related disclosures in an effective and efficient manner.
Verifiable CPD
1.0 hour
Learning Objectives
By the end of the session participants will be able to:
Kirsten uses her knowledge and expertise built from over 30 years of experience in public practice. She is recognized for her technical knowledge and practice style along with her drive, passion and leadership. She is innovative with a results-oriented approach. READ MORE
ASK KSA provides consulting and advisory services to small- to mid-sized practitioners to help them save time and achieve peace of mind by meeting the requirements of public practice. We provide practical solutions to SMPs on conducting effective and efficient engagements. READ MORE
The standards are constantly changing and there are other evolving shifts in the profession making it challenge to keep up to date. Each month ASK KSA releases an update on technical requirements, practice management and professional development topics. SIGN UP
