This course reviews risk assessment requirements and provides examples
and models demonstrating how such requirements may be implemented in
practice. The course also provides resources to enable auditors to scale
documentation of risk assessment and other procedures for audits of
financial statements specifically to suit the needs of smaller
businesses. The examples and models are based on actual documentation of
audits of smaller, non-complex entities and may be applied by
professionals auditing both commercial for profit businesses and
not-for-profit entities.