SAS 142 & 143: Auditing Estimates & Audit Evidence

1:00 pm–2:25 pm ET

# of CPE Credits



After the reporting suite, the Auditing Standards Board issued two standards impacting how we perform our audits. With the rise of technology by both auditees and auditors, the concept of audit evidence needed an update. With new definitions and requirements, these standards bring audits into the 21st century. In addition, as financial reporting frameworks transition from rules?based to principles?based approaches, auditors need to be more comfortable auditing a larger variety of estimates. As a result, the ASB provides some changes to the risk?based approach to auditing estimates foreshadowing the changes expected in risk assessment. This interactive course will not only look at the changes but how to effectively implement and potential changes needed to methodology and quality control to be ready to implement with minimal disruption.


* Identify changes to the audit evidence standards * Recognize the changes to the AU-C 540 for auditing estimates


See course description

Who Should Attend

Accountants in public practice

Required Knowledge

Prior experience with audit standards of the AICPA

Advanced Prep


Event Speaker(s)

Mrs. Melisa Fay Galasso, CPA ( Galasso Learning Solutions LLC, Charlotte, NC ),

Additional Event Information

Technical Support
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Level: Update

Event Code:WB026122

Registration Fees

RegistrationEarly BirdRegular
CPE SelectN/A$0.00
NCACPA MemberN/A$75.00
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