Accounting Estimates, Including Fair Value – Evaluating the Propriety of Areas within Uncertainty ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
Accounting estimates are an approximation of a monetary amount in the absence of a precise means of measurement. The risks of material misstatement for areas of estimation tend to be higher due to the dependence on future events and the intended actions of management. This course will discuss tips and techniques for gathering sufficient appropriate audit evidence to support conclusions related to accounting estimates.
Highlights
Accounting estimates. Fair value.
Prerequisites
None.
Designed For
CPAs and accounting professionals.
Objectives
List typical areas of estimation and related audit risks. Explain how to link the assessed risk of material misstatement to a detailed audit plan. Recall the importance of challenging management’s assumptions when auditing estimates. Describe fair value modeling techniques, including non-readily marketable investments. Describe how to properly evaluate the sufficiency and appropriateness of audit evidence and resulting conclusions when there is accounting uncertainty.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Sam Pailca, Microsoft
Sam Pailca is Assistant General Counsel, Director of the Office of Legal Compliance, Investigations, Office of the General Counsel, for Microsoft Corporation. In that role, Ms. Pailca manages Microsoft’s global business conduct investigation program, responsible for the investigation, enforcement, and remediation of compliance violations or control deficiencies worldwide.
Non-Member Price $113.00
Member Price $98.00