The Risk of Abuse in Accounting Estimates: GAAP Insights and Audit Strategies - 2025 (Text Based)

This course examines the important role of accounting estimates in financial reporting and auditing. Participants will gain an understanding of how estimates are used across key areas of U.S. GAAP, their inherent risks, and how they can be abused. The course also explores the responsibilities of auditors and highlights some of the procedures for evaluating accounting estimates. 

Learning Objectives:

1. Understand the role of accounting estimates in financial reporting and auditing under U.S. GAAP
2. Identify the risks and potential abuses associated with accounting estimates
3. Apply auditing procedures to evaluate and test accounting estimates effectively

Instructional Method: Self-Study

Review Date: 08/16/2025

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:  2

For more information regarding administrative policies such as refunds, cancellations, and complaints, please contact FurtherEd at (912) 666-6282.

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.