Self-Study
The Risk of Abuse in Accounting Estimates: GAAP Insights and Audit Strategies
$58.00 – $78.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
1 Credits: Accounting
1 Credits: Auditing
Course Level
Overview
Format
Self-Study
Course Description
The Risk of Abuse in Accounting Estimates: GAAP Insights and Audit Strategies examines the important role of accounting estimates in financial reporting and auditing. Participants in this GAAP accounting course will gain an understanding of how estimates are used across key areas of U.S. GAAP, their inherent risks, and how they can be abused. The GAAP CPE course also explores the responsibilities of auditors and highlights some of the procedures for evaluating accounting estimates.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify key areas in U.S. GAAP where accounting estimates are required
- Recognize the potential risks and challenges associated with accounting estimates
- Differentiate between the proper use of estimates and instances of misuse or manipulation
- Determine the impact of inaccurate accounting estimates on financial statements
- Identify the auditor’s responsibilities in evaluating accounting estimates
- Select appropriate audit procedures for testing the accuracy of accounting estimates
- Recognize common challenges auditors face when testing complex estimates
- Differentiate between effective and ineffective audit strategies for assessing accounting estimates
Course Specifics
SS125427643
April 10, 2025
There are no prerequisites.
None
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Compliance Information
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Kelen is a recognized author and reviewer of CPE courses and has authored over 145 courses (350+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s Journal of Accountancy. Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP. Prior to HP, he served in multiple …
QAS Self-Study
