NAA2520. Accounting Estimates and Auditor Responsibilities

This session will provide an overview of Statement on Auditing Standards No. 143, Auditing Accounting Estimates and Related Disclosures, focusing on the opportunities to scale the requirements of SAS No. 143 to accounting estimates of all levels of complexity.

Learning Objectives:

• Apply SAS No. 143 to accounting estimates of differing levels of complexity.
• Analyze the concepts of management bias and estimation uncertainty, and their impact on the risk assessment procedures and audit responses.