2024 Instant Audit? Just Add Risk Assessment
Registration is Closed
Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.
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