All about auditing estimates and fair values
Learning Objectives
Identify the required audit practices and procedures to meet GAAS requirements. ;Identify select accounting and auditing challenges relating to estimates and fair value measurements;Identify how to assess misstatements of entity estimates. ;Analyze special topics regarding estimates and fair value measurements, such as credentials of specialists, written representations, disclosures, and estimates in revenue recognition. ;Identify common auditing deficiencies around estimates and fair value measurements. ;Identify specific audit considerations regarding estimates and fair value measurements regarding revenue recognition.
Major Topics
GAAS requirements for auditing estimates and fair value;Auditor bias when auditing estimates and fair value;Challenging concepts in fair value accounting and auditing
