Self-Study Course Details
Course Description

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. 

In this course, Melisa Galasso, CPA will walk through these changes and walk through how to effectively implement them with a focus on quality control. 

Learning Objectives
  • Identify changes to the audit evidence standards
  • Recognize the changes to the AU-C 540 for auditing estimates
  • Prior experience with audit standards of the AICPA.
Advanced Preparation


Author Details
  • Melisa Galasso
    Melisa Galasso

    Melisa F. Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with over 15 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not for profit and governmental accounting.

NASBA Sponsor
  • National Registry of CPE Sponsors for the QAS self-study delivery method
    Encoursa is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:


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