Audit Risk Assessment in Plain English
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.
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 $79
Member Price $79