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Audit Risk Assessment in Plain English

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Online/Webcast

2.00 Credits

Member Price $79.00

Non-Member Price $109.00

Overview

Audit Risk Assessment in Plain English, is a 2 hour webcast highlighting the AICPA’s clarified risk assessment standards, along with a new Statement on Auditing Standard (SAS 145) related to understanding the entity, the entity’s environment, the entity’s internal controls, and assessing the risks of material misstatement.  This session will attempt to simplify the requirements using common sense examples and language.


  • Speaker - Frank Crawford, Christopher Pembrook
  • Highlights

    • Overview of Audit Risk Assessment
    • AICPA's clarified Risk Assessment Standards
    • SAS 145
    • Assessing the Entity's Environment
       

    Prerequisites

    None

    Designed For

    Industry and Public Accountants

    Objectives

    • Understand the AICPA's clarified risk assessment standards and their importance in the auditing process.
    • Familiarize oneself with the key components of the new Statement on Auditing Standard (SAS 145) related to understanding the entity, the entity's environment, the entity's internal controls, and assessing the risks of material misstatement.
    • Develop an understanding of the relationship between audit risk assessment and the overall audit strategy.

    Preparation

    None

    Non-Member Price $109.00

    Member Price $79.00