Self-Study Course Details
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.
- 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.
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.
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