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Webinar (CA): Risk Assessment Compliance Standards When Auditing Privately-Owned Companies

Description

Auditors identify and assess the risks of a material misstatement by understanding the entity and its environment. Privately-owned companies present unique challenges. We’ll examine issues such as: Do identifiable controls exist? Do owners/managers promote compliance with company policies? Do owners/managers document controls and communicate them to staff? Are these controls observable? Can they be tested for operating effectiveness? Do owners/managers monitor employee performance and evaluate the controls in place?

Learning Objectives

• Please add objectives using the following verbs.
• Recognize high-risk areas applicable to private companies
• Determine the best approach to deal with private company shortcomings in control activities
• Identify the appropriate risk assessment procedures in the circumstances

Major Topics

• Review of applicable auditing standards for risk assessment
• Identification and discussion of high-risk audit areas
• Discussion and analysis of control risk vs. inherent risk
• Practical approach to auditing companies where controls are minimal or not adequately documented • Detailed discussion and examples of risk assessment procedures and alternative approaches

Provider
California CPA Education Foundation
Course Level
Basic
CPE Field of Study
Auditing
4
Who Should Attend

  CPAs  

Instructor(s)
Eugene Ristaino
Prerequisites

None

Advanced Preparation

This webinar is produced by AICPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Jun 17, 2021
9:00 am - 12:30 pm MDT
Location
Webinar
Total CPE Credits
4
Format
Webinar

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$149.00

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$199.00
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Webinar (CA): Risk Assessment Compliance Standards When Auditing Privately-Owned Companies


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