2024 SAS 145: Modern Risk-Based Auditing

Saturday, December 07, 2024
Webcast or Webinar, Online
1:00 PM - 2:48 PM (opens at 12:30PM) EST
2Credits
Accounting and Auditing

Registration is Open

Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price

CPE PowerPass Users

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/AC090628
Level: Intermediate
Vendor: ACPEN
Field of Study: Auditing

Overview:

This program provides in-depth coverage of SAS 145, a major standard that helps auditors enhance risk assessment procedures through improved techniques for identifying and assessing risks of material misstatement. This session is essential for CPAs that perform audits. The discussion will also be insightful for auditees and other professionals who want to maintain awareness of current auditing guidance.

Objectives:

  • Recall elements of audit risk
  • Be able to identify significant risks
  • Forumlate audit procedures to address risks
  • Recall the most salient elements of SAS 145
  • Assess significant risks using the inherent risk spectrum
  • Recognize the importance of documentation

Major Topics:

  • Introducing SAS 145
  • Revisiting audit risk
  • Risk assessment in the SAS 145 Era
  • Analyzing SAS 145
  • Documentation requirements

Major Topics:

  • Introducing SAS 145
  • Revisiting audit risk
  • Risk assessment in the SAS 145 Era
  • Analyzing SAS 145
  • Documentation requirements

Designed For:

CPAs in public practice who want to maintain proficiency by incorporating the provisions of SAS 145 and other techniques for enhancing audit quality by improving risk assessment

Prerequisites:

A basic understanding of financial statement audits