2024 Instant Audit? Just Add Risk Assessment

Friday, December 20, 2024
Webcast or Webinar, Online
9:00 AM - 9:55 AM (opens at 8:30 AM) EST
1Credits
Accounting and Auditing

Registration is Open

Members
$39.00 Regular Price
Non-Members
$59.00 Regular Price

CPE PowerPass Users

Click the "Apply PowerPass" button to use your PowerPass for the applicable course below.
$20.00 Members / $28.00 Non-Members
Course Type: Webcast
Course Code: 24/AC088041
Level: Intermediate
Vendor: ACPEN
Field of Study: Auditing

Overview:

What would you do if you only had one workday to complete a financial statement audit? How would you optimize just a handful of hours? What would you test? More importantly, what would you minimize or eliminate? Although one day is unrealistically short, it illustrates how risk-based auditing can help auditors optimize professional effort. This course emphasizes the importance of risk assessment for enhancing both the effectiveness and efficiency of audit procedures.

Objectives:

  • Understand the audit risk model
  • Perform risk assessments
  • dentify significant risks
  • Adopt a risk-based audit approach

Major Topics:

  • The audit risk model
  • Risk assessment
  • Linking risks to audit procedures
  • Other responses to risks
  • Documentation

Major Topics:

  • The audit risk model
  • Risk assessment
  • Linking risks to audit procedures
  • Other responses to risks
  • Documentation

Designed For:

Public accountants who perform audits or employees of organizations who are subject to audits

Prerequisites:

A basic understanding of financial statement audits