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Risk Assessment Deep Dive: How to Avoid Common Missteps

Description

Are you starting your audit off on the right foot? At the core of every audit are the goals of identifying, assessing and responding to risks of material misstatement. However, more than a decade after the Risk Assessment Standards were issued, the AICPA Peer Review team has found that more than one in every 10 firms failed to comply with AU-C Section 315 or 330. In this webcast, you’ll learn about the most pervasive issues the Peer Review team has uncovered and how to avoid them in your practice.

Learning Objectives
  • Identify the most commonly misapplied requirements of AU-C Sections 315 and 330
  • Understand the intent of the Standards and how the requirements should be interpreted
  • Discuss practical application of the Standards in audits of small to medium-sized entities
  • Access helpful resources to support quality performance.
Major Topics
  • Misconceptions that are leading to non-compliance with AU-C Sections 315 and 330
  • Understanding the entity and its environment, including internal control
  • Assessing the risks of material misstatement
  • Performing audit procedures in response to assessed risks
Provider
AICPA
Course Level
Basic
CPE Field of Study
Auditing
2.0
Who Should Attend

Auditors

Location
Online
Event Information
When
Aug 21, 2018
1:00 pm - 3:00 pm EST
Location
Online
Total CPE Credits
2.0
Format
Webinar

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$ (% off)
$99.00

NON-MEMBER


$ (% off)
$129.00
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Risk Assessment Deep Dive: How to Avoid Common Missteps


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