Surgent's Implementing the New Risk Assessment Standard

Overview

The auditor’s responsibilities related to risk assessment are changing at the end of 2023! This power-packed webinar will empower you with the working knowledge of SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, to successfully apply the standard. This course will also discuss two highly-related standards (i.e., SAS Nos. 143 and 148) which auditors will be implementing at the same time.

Highlights

• The performance of risk assessment procedures to attain the knowledge needed to assess risk
• How the auditor identifies and assesses the risks of material misstatement
• The new “stand-back” requirements related to risk assessment

Prerequisites

Basic auditing experience

Designed For

All auditors

Objectives

• Understand and prepare for the 2023 calendar year-end implementation of SAS No. 145 on risk assessment and two highly-related SASs related to auditing accounting estimates and compliance auditing (i.e., SAS Nos. 143 and 148)
• Recognize the effects of SAS Nos. 144, 146, and 147, which are also on the short-term implementation horizon

Preparation

None

Notice

This on-demand webcast can be taken at any time of your choosing and is valid for one year from the date of purchase. No live instructor is present, and an exam is required to earn credit. You must score 70% or higher to earn the certificate.

How do I access my Self-Study Package?

Visit https://www.surgentcpe.com/login and enter your username (your LCPA email address) and password. If you do not remember your password, press the "Forgot?" button to receive a password reset email. Once logged in, the page will refresh to display your account menu on the left side.