Webcast: SAS 142 and 143 - Auditing Estimates and Audit Evidence

368  |  Webcast  |  Update  |  Scheduled


After the reporting suite, 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. This interactive course will not only look at the changes but how to effectively implement and potential changes needed to methodology and quality control to be ready to implement with minimal disruption.


Number of Credits Type of Credits
1.50 Auditing

Designed For

Accountants in public practice


Prior experience with audit standards of the AICPA


  • Identify changes to the audit evidence standards
  • Recognize the changes to the AU-C 540 for auditing estimates


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Your Price: $85.00

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Melisa F. Galasso, CPA

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.

Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI. She also supports essential professional development, audit level training, and train-the-trainer efforts.

Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. She also serves on the FASB’s Not-for-Profit Advisory Committee (NAC), the AICPA's Women's Initiative Executive Committee (WIEC) and the VSCPA’s Board of Directors. She has held previous positions on the AICPA’s Technical Issues Committee (TIC) and the NCACPA's A&A committee.

Melisa is a 2020 Enterprising Women of the Year Award recipient and was honored as a “40 under 40” by CPA Practice Advisor in 2017, 2018 and 2019. She was also named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training. She received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.

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