CPE Credit Hours: 4
Field of Study: Auditing
Publication date: March 2023
The objective of this course is to address the new auditing standards issued by the Auditing Standards Board as SAS Nos. 142-145. The first segment of the course addresses SAS No. 142’s expanded guidance on audit evidence in a financial statement audit.
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; and indicators of possible management bias.
The third segment consists of a review of SAS No. 144’s changes to auditing standards in connection with use of specialists, and using price information obtained from external sources.
The final section addresses significant changes made by SAS No. 145 to the auditor’s understanding of an entity and its environment, and the assessment of risks of material misstatement.
This is a self-study CPE course.
Program level: Overview
Prerequisites: General understanding of U.S. auditing standards
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date of Purchase
