Currently, all CPE and networking events are offered virtually only. Visit our updated catalog »

Risk Assessment (On-Demand) 2020v2

Description

Understand the purpose and importance of inherent risk and control risk assessment tasks, with an emphasis on what these tasks seek to accomplish and how they drive the overall audit process.

Recall the importance of setting a materiality target for the engagement, including materiality when executing a group audit, and how the audit strategy − executed by account and relevant assertion − relates to the fundamental inherent and control risk assessments.

Explore the risk assessment, including brainstorming for fraud and additional risks, emphasizing and distinguishing entity and auditor tasks and how to properly support with documentation these risk assessments that will drive further audit procedures.

Understand the COSO framework, which is the basis for most systems of internal control assessments. Explore how audit data analytics can be used in the risk assessment process.

Format: Audio, Video, Interactive Elements

Learning Objectives
  • Determine the relevance of risk assessment procedures in gathering evidence to direct audit effort and support the audit opinion, including establishing a proper audit materiality.
  • Identify key points related to the auditor’s requirements regarding internal control as part of a financial statement audit.
  • Recall the relevant information regarding the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework.
  • Recognize the potential of audit data analytics in risk assessment procedures
Major Topics
  • Audit Process
  • Risk Assessment
  • Materiality
  • Audit Strategy
  • COSO
  • Internal Controls
Provider
AICPA - Durham
Course Level
Intermediate
CPE Field of Study
Auditing
2.5
Who Should Attend

Experienced Staff
New In-Charge Auditors
Firms that want consistent training and level setting

Prerequisites

None.

Advanced Preparation

None.

Purchase Now
When
Available 24/7
Location
Online
Total CPE Credits
2.5
Format
On-Demand

MEMBER


$ (% off)
$109.00

NON-MEMBER


$ (% off)
$139.00
Become A Member

Purchase This Program

Risk Assessment (On-Demand) 2020v2


Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now

×