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CPE Self-Study
Experienced In-Charge/Senior Auditing Estimates and Fair Value Measurements Part II
NASBA FIELD OF STUDY
Auditing
LEVEL
Intermediate
CPE CREDITS
Online: 1.5
A continuation of some of the important requirements and perspectives in auditing estimates and fair values which are often identified as challenging topical audit areas.

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CPE On-Demand
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Product details

Who Will Benefit?

    • Experienced in-charge auditors and audit seniors

Key Topics

  • Introduction to FASB ASC 606
  • Revenue as a fraud risk
  • Audit considerations for revenue
  • Audit considerations for the transition to FASB ASC 606

Learning Objectives

This course will prepare you to do the following :

  • Recognize the importance of auditing revenue recognition.
  • Identify examples of the current and potential future peer review and inspection issues regarding auditing revenue.
  • Recognize issues and challenges involved in the upcoming transition to FASB ASC 606, Revenue from Contracts with Customers.

This CPE course can be purchased individually, or as a part of the Audit Staff Essentials - Experienced In-Charge/Senior training bundle.

Created for the experienced in-charge/senior auditor, this module is aimed at helping you plan and perform test work in audits which meet current and upcoming accounting guidance regarding auditing revenues. Focused on revenue recognition and auditing revenue, this module is considered an aid in identifying the significant auditing considerations relevant to the forthcoming FASB ASC 606, Revenue from Contracts with Customers, such that sufficient appropriate evidence is gathered by auditors.

We assume you have the skills to gather sufficient and appropriate evidence regarding the revenue of your clients. Therefore, we will not go into the accounting details of how revenue is booked by your clients or much ticking and tying in general. This course will spend time on more advanced considerations.

Ratings and reviews
Author(s)

Lynford Graham, CPA, Ph.D., CFE

Lynford Graham, CPA, Ph.D., CFE is a CPA with more than 35 years of audit practice and policy development experience. He is a visiting professor of accountancy at Bentley University in Waltham MA. Dr. Graham is a member of the AICPA and a past member of the Auditing Standards Board. He chaired the task forces for AICPA Guides Assessing Audit Risk and Audit Sampling. He is also the chair of the Auditing Revenue Task Force for the AICPA Guide on Revenue Recognition.

He was a partner and National Director of Audit Policy for BDO, LLP. Prior to that, Dr. Graham was an associate professor at Rutgers University. Before Rutgers, he was a national accounting and SEC consulting partner at Coopers & Lybrand, responsible for technical issues research, auditing research, and sampling.

A Certified Fraud Examiner, in 2002, he received the Distinguished Service Award from the auditing section of the AAA. He is a co-author of several award-winning academic research papers. Dr. Graham holds an MBA and Ph.D. from the University of Pennsylvania, (Wharton School). He is the editor of Accountants' Handbook, 12th Edition (Wiley, 2012) and Internal Control: Audit and Compliance (Wiley, 2015).

Tom Noce, CPA, CFE

Tom Noce, CPA, CFE is a CPA licensed in California and New Jersey with over 37 years of experience in the field of public accounting, including eight years as a partner in a midsized firm. He is a graduate of Rutgers University. Tom began his independent practice in September 2003. His primary industry focus is in audit, accounting, and taxation services for construction and real estate clients. Tom is also a Certified Fraud Examiner and provides fraud prevention and detection, forensic accounting services, and litigation support to clients in a number of industries.

As an experienced author, instructor, and lecturer, Tom writes and teaches continuing professional education for CPAs. He chaired the 1st and 2nd Annual Fraud Conferences and 1999 and 2000 Audit and Accounting Conferences, sponsored by the California CPA Education Foundation. Since 1999, he has authored and presented more than 15 courses for the California CPA Education Foundation, the AICPA, and other providers. Tom was honored with the California CPA Education Foundation’s Award for Instructor Excellence in 2004 & 2010.

Tom lives and practices in Palm Springs, California. He is an accomplished woodworker and enjoys spending his spare time in his workshop.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$99.00
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Nonmember Quantity:
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Estimated total:
$99.00
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CREDIT INFO
CPE credits
Online
: 1.5
NASBA Field of Study
Auditing
Level
Intermediate
Prerequisites
2-3 years of audit experience
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
ASE4-FVM
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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