Accounting Estimates: Audit Techniques to Address Risks and Bias - 2025 (Text Based)

This course focuses on the auditor's role in reviewing accounting estimates. It covers key audit procedures, including testing management's methods and assumptions, evaluating data, and identifying risks. Challenges like incomplete information and complex models are addressed, with examples of effective audit strategies and communication practices. 

Learning Objectives:

1. Identify the auditor's responsibilities in evaluating accounting estimates
2. Select appropriate audit procedures for testing the accuracy of accounting estimates
3. Recognize common challenges auditors face when testing complex estimates
4. Differentiate between effective and ineffective audit strategies for assessing accounting estimates

Instructional Method: Self-Study

Review Date: 09/10/2025

Required Components: Written Materials

CPE Final Exam Required Passage Grade: 70%

Please Note: This course must be completed within 1 year of the date of receipt of this course for CPE Credit

Prerequisites: None

Level: Basic

NASBA Category: Auditing

Recommended CPE:  1

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FurtherEd is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.