Fair Value Estimates from the Auditor’s Perspective
Learn how auditors assess the reasonableness of fair value estimates.
Format
Webcast
NASBA Field of Study
Specialized Knowledge
Level
Overview
CPE Credits
1.5
Instructor
Jesika Barnes, Frederik Bort, Ellliot Graf
Availability
3 months
Product Number
WC4837966
Understand the audit process to improve valuation engagement scope of work
In this insightful session, seasoned professionals from the KPMG Department of Professional Practice will provide a comprehensive overview of the critical requirements your clients and their auditors face when relying on the fair value estimates you provide.
This will empower you to identify effective ways to facilitate the audit review process for your clients, ultimately helping you develop a more refined budget and scope of work.
By understanding these requirements, you can enhance your valuation practice and deliver more supportable fair value estimates to your client.
Key Topics
- External audit review process
- Client review process
- Establishing a valuation scope of work and budget
Learning Outcomes
- Recognize the steps needed by your clients to rely on your valuation report to support their financial reporting requirements.
- Recall steps the audit team needs to complete when performing substantive and control testing related to fair value estimate.
- Estimate an engagement scope of work that facilitates the audit review process, and help your clients meet their financial reporting requirements.
- Identify ways to work with your clients and their external auditors to minimize the risk of issues in the audit review process.
Who Will Benefit
Valuation professionals that work on financial reporting engagements
Group ordering for your team
2 to 5 registrants
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