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The audit of accounting estimates in smaller entities

This webinar was broadcast on 5 September 2013 and was a repeat of the ICAEW's popular Audit and Assurance Faculty's London evening lecture on the audit of accounting estimates in smaller entities.

Over the past few years, the uncertainty created by the economic climate and increased disclosure requirements in relation to accounting estimates have resulted in auditors having to focus more time on auditing those areas.

The auditing of accounting estimates will be a key audit judgement for all entities, not just larger entities with complex fair value adjustments, for example as smaller entities may still have estimates in respect of stock and debtor provisioning.