Auditing Fair Values and Estimates (Currently Unavailable)

Author: Lynford Graham

You'll learn the common stumbling blocks to effective compliance with the new and complex professional standards for auditing fair values and estimates.

Publication Date: April 2015

Designed For
CPAs with clients where fair values are important and company accountants who need to develop estimates and fair valuations

Topics Covered

• Evolution to the current professional standards
• Raising the bar on auditing estimates
• Review of the current professional auditing standards
• Simple situations — where CPAs can often operate effectively
• When is a specialist needed — examples and requirements
• Who is a specialist?
• Documentation that supports your work and conclusions
• Firm strategies to manage risks

Learning Objectives

• Identify current professional auditing standards regarding fair value and estimates
• Recognize situations where specialist assistance are indicated

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
None

Advance Preparation
None