Auditing Accounting Estimates

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The workshop will introduce what is meant by accounting estimates and how auditors should be dealing with such estimates.

Definition of an accounting estimate
Types of accounting estimates
Auditing rules on accounting estimates:
- What to consider at the planning stage
- What to consider at the testing stage
Professional scepticism
Practical issues

Relevant examples, quiz questions and a case study will be used to check your understanding.

Who should take the course

The workshop is essential for anyone undertaking audit work - in particular those working on the risk assessment stage of the audit. Under the clarified ISA+s, a greater emphasis has been given to accounting estimates (ISA+ 540). This course explains what an accounting estimate is and what needs to be done at the various stages of the audit, including planning and testing.

Early Careers Course

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Flexible solutions

We offer a range of solutions to meet your training needs. To discuss your memberships or bespoke packages needs contact us on 0330 058 7141 or email us.