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.

Learning Objectives
  • Identify the auditor’s responsibilities in evaluating accounting estimates.
  • Identify and select appropriate audit procedures for testing the accuracy of accounting estimates.
  • Recognize common challenges auditors face when testing complex estimates.
  • Discover and differentiate between effective and ineffective audit strategies for assessing accounting estimates.
Last updated/reviewed: January 29, 2025
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview
Course Syllabus
COURSE MATERIAL
  Accounting Estimates: Audit Techniques to Address Risks and BiasPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam