Dates and location
Hours
Dates and location
Hours
Description
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.
Key Takeaways
By the end of this course, participants should be able to:
- Understand CAS requirements for auditing accounting estimates and related disclosures.
- Appreciate key concepts including inherent risk factors and how they impact estimates.
- Follow an efficient 5-step approach to auditing estimates.
- Explain risk assessment procedures.
- Understand alternatives in obtaining sufficient appropriate evidence.
- Implement best practices for evaluating audit evidence.
- Document and conclude on results effectively and efficiently.
Who Will Benefit
Intended for auditors at all levels.
How to Access the Course
To access the course please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Kirsten S. Albo, FCPA, FCA, ICD.D is the Founder of ASK KSA Consulting Inc. providing consulting and advisory services to small and mid-sized firms to help them conduct effective and efficient engagements and meet the requirements of being in public practice. Areas of practice include cyclical file inspections, external monitoring activities, file efficiency reviews and engagement quality reviews. Delivering professional development courses is a key component of her business as she develops and delivers specialized in-house training courses for the multitude of firms with whom she works.