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Accounting Estimates: Audit Techniques to Address Risks and Bias (Course Id 2517)

QAS / Registry
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Author:

Kelen Camehl, CPA, MBA

Course Length:

Pages: 21 ||| Word Count: 6554 ||| Review Questions: 4 ||| Final Exam Questions: 5

CPE Credits:

1.0

IRS Credits:

0

Price:

$12.95

Passing Score:

70%

Course Type:

Text
Accounting Estimates: Audit Techniques to Address Risks and Bias - CPE course for CPAs

Technical Designation:

Technical

Field Of Study:

Auditing

Approved Audience:

NASBA QAS - NASBA Registry

Key Takeaways:

This course focuses on the auditors role in reviewing accounting estimates, covering audit procedures for testing managements methods and assumptions.

  • Covers key audit procedures including testing managements methods and assumptions behind an estimate.
  • Addresses challenges such as incomplete information and complex estimation models.
  • Provides examples of effective audit strategies and communication practices for reviewing estimates.
  • Worth 1.0 CPE credit in Auditing as a self study text course on audit techniques for accounting estimates, requiring a 5 question final exam preceded by 4 review questions and a 70% passing score.

Frequently Asked Questions:

The Accounting Estimates Audit Techniques course identifies the auditors overall responsibilities in evaluating accounting estimates.

This course evaluates post measurement date evidence when auditing accounting estimates.

This course identifies audit challenges and best practices when auditing accounting estimates.

Accounting Estimates Audit Techniques to Address Risks and Bias is a Technical, self study text course in Auditing worth 1.0 CPE credit, requiring a 5 question final exam preceded by 4 review questions (optional) at a 70% passing score. CPEthink is approved by NASBA as a CPE sponsor and lists this course on the NASBA site as a courtesy for CPAs to search https://nasba.org.

Description:

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. 

Usage Rank:

18182

Release:

2025

Version:

1.0

Prerequisites:

None.

Experience Level:

Overview

Additional Contents:

Complete, no additional material needed.

Additional Links:

Advance Preparation:

None.

Delivery Method:

QAS Self Study

Intended Participants:

Anyone needing Continuing Professional Education (CPE).

Revision Date:

22-Mar-2025

NASBA Course Declaration:

Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.

Keywords:

Accounting Estimates: Audit Techniques to Address Risks and Bias - CPE course for CPAs

Learning Objectives:

Course Learning Objectives

Upon completion of this course, you will be able to:
  • Identify the auditor’s responsibilities in evaluating accounting estimates
  • Select appropriate audit procedures for testing the accuracy of accounting estimates
  • Recognize common challenges auditors face when testing complex estimates
  • Differentiate between effective and ineffective audit strategies for assessing accounting estimates

Course Contents:

Chapter 1 - Accounting Estimates: Audit Techniques to Address Risks and Bias

Course Learning Objectives

Course Overview

Introduction

Auditor Overall Responsibilities

Evaluating Methods of Estimation

Identification & Evaluation of Significant Assumptions

Auditor Derived Expectations

Review Questions

Evaluating Post-Measurement Date Evidence

Evaluating Audit Results

Audit Challenges

Best Practices When Auditing Accounting Estimates

Conclusion

Review Questions

Glossary of Key Terms

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