Course Individually
Course Description
Auditing - Obtaining and Evaluating Audit Evidence is a CPE webinar that will review SAS numbers 57 and 58. This webinar will review internal controls related to accounting estimates in accordance with SAS No. 57. This webinar will describe the procedures in evaluating whether management has identified all accounting estimates that could be material to the financial statements. This webinar will describe key factors and assumptions necessary in evaluating the reasonableness of an estimate. This webinar will discuss the basic elements of the auditor’s standard report as defined by SAS No. 58. Finally, this webinar will review the type of opinions the auditor may express and discuss prior-period financial statements.
We provide a Subject Matter Expert (SME) to answer any questions you may have during this session. SMEs are available from 8am to 7:30pm Central Time. This course should only be taken during SME hours.
Learning Objectives
At the end of this webinar, students will be able to:
- Identify internal controls related to accounting estimates.
- Recognize the procedures the auditor should perform in evaluating whether management has identified all accounting estimates that could be material to the financial statements.
- Recognize the key factors and assumptions necessary in evaluating the reasonableness of an estimate.
- Identify the basic elements of the auditor’s standard report.
- Identify the type of opinions the auditor may express.
CPE Credits: 3 CPE for CPAs
Level: Intermediate
Instructional Method: Group Internet Based
NASBA Field of Study: Auditing
Program Prerequisites: None
Advanced Preparation: None
Revision Date: April 1, 2022
