2024 Instant Audit? Just Add Risk Assessment

Monday, July 15, 2024
Webcast or Webinar, Online
5:00 PM - 5:55 PM (opens at 4:30 PM) EST
1Credits
Accounting and Auditing

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.

Members
$39.00 Regular Price
Non-Members
$59.00 Regular Price
Course Type: Webcast
Course Code: 24/AC088030
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