Applying and Assessing Professional CAS: 540, 620, 580 5 Judgment The Gray Area of Bias (Gunn, 2008) Auditing Estimates M&N Auditing Fair Value Monday Notes on Auditing Estimates and Issues Related to Relying Upon Feb 2nd Fair Value Specialists and Management Learning Objectives Case: Warmth Home Comfort Ltd Identify and analyze audit risk related O (CICA 2001) to Management Estimates Friday Feb 6th Apply professional judgment in Case: Great Lake Cruises evaluating management estimates Identify and understand why and when an auditor needs to rely upon others CW: Session 5 Slides who have a particular expertise in the subject matter Perform research to determine to determine proper accounting treatment of Management Estimates Understand the auditor’s responsibility when relying on the work of an expert Identify and analyze audit risk related to auditing Fair Values Develop an audit strategy and procedures for auditing Management Estimates and Fair Values 6 Midterm Exam (Covers Material from Sessions 1-5 Sunday Time: Feb 8th, Location 2015 Applying and Assessing Professional CAS: 320, 540, 570, 620 7 Judgment The Going Concern Assumption Notes on Auditing the Going Concern Assumption M&N Learning Objectives: Monday Auditing Considerations in an Identify and analyze the risks related to Feb. 23 Uncertain Economic Environment Going Concern (Auditing and Assurance Bulletin, Evaluate the going concern assumption CPA Canada) and determine how to adjust the audit O strategy Friday Feb. 13 Case: Hamm Industries CW: Session 7 Slides
5 M&N Monday Feb 2nd O Friday Feb 6th Applying and Assessing Professional Judgment Auditing Estimates Auditing Fair Value Issues Related to Relying Upon Specialists and Management Learning Objectives Identify and analyze audit risk related to Management Estimates Apply professional judgment in evaluating management estimates Identify and understand why and when an auditor needs to rely upon others who have a particular expertise in the subject matter Perform research to determine to determine proper accounting treatment of Management Estimates Understand the auditor’s responsibility when relying on the work of an expert Identify and analyze audit risk related to auditing Fair Values Develop an audit strategy and procedures for auditing Management Estimates and Fair Values CAS: 540, 620, 580 The Gray Area of Bias (Gunn, 2008) Notes on Auditing Estimates and Fair Value Case: Warmth Home Comfort Ltd (CICA 2001) Case: Great Lake Cruises CW: Session 5 Slides 6 Sunday Feb 8th, 2015 Midterm Exam (Covers Material from Sessions 1-5 Time: Location 7 M&N Monday Feb. 23 O Friday Feb. 13 Applying and Assessing Professional Judgment The Going Concern Assumption Learning Objectives: Identify and analyze the risks related to Going Concern Evaluate the going concern assumption and determine how to adjust the audit strategy CAS: 320, 540, 570, 620 Notes on Auditing the Going Concern Assumption Auditing Considerations in an Uncertain Economic Environment (Auditing and Assurance Bulletin, CPA Canada) Case: Hamm Industries CW: Session 7 Slides
4553_W2015_outline_final.docx