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FUS841 – New Audit Reporting Standards: SAS Nos. 142-143

Course and Test $  45.00
Course and Test PDF $   3.00
Additional Hard Copy Test $    6.00
Additional Online Test $    6.00
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SKU: FUS841 Category:

CPE Credit Hours: 2NASBA Color logo-1 inch

Field of Study: Auditing

Publication date: March 2021

 

The objective of this course is to address the new auditing standards issued by the Auditing Standards Board as SAS Nos. 142-143.

The first segment of the course addresses SAS No. 142’s expanded guidance on what comprises audit evidence in a financial statement audit. Topics include evaluating audit evidence, testing audit evidence; relevance and reliability of audit evidence, including its source; susceptibility to management bias; corroborative or contradictory information; evaluating whether information is sufficiently precise and details for the auditor’s purposes; and use of automated tools and techniques.

The second segment is a review of SAS No. 143’s guidance on accounting estimates, including the degree of estimation uncertainty; risk assessment procedures related to accounting estimates; identifying and assessing the risks of material misstatement, including responses to the assessment; indicators of possible management bias, and more.

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This is a self-study CPE course.
Program level: Overview
Prerequisites: General understanding of accounting, financial reporting, auditing and compilation and review standards

Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase