New Staff: Core Concepts- Introduction to the Audit Risk Model
Available Anytime
Location:
Online
1Credits
Accounting and Auditing
Registration is Open
FICPA Members
Nonmembers
$99.00 Regular Price
Product Code: AI23-ASE1-ARM
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Auditing
Overview:
This CPE course can be purchased individually or as part of the Audit Staff Essentials - New Staff: Core Concepts staff training bundle.
Understand the audit risk model and how it is used at the onset of and throughout the audit process.
Learn how the audit risk model works as a tool that can help peer reviewers and inspectors determine the sufficiency of procedures performed.
Understand how engagement teams can do a better job of documenting their work when they consider the structure of the audit risk model and how evidence regarding procedures and findings is tabulated.
Objectives:
Learning Outcomes
- Recall the audit risk model and its elements and how the audit risk model combines risk to assess overall audit risk.
- Recall the relationship between audit strategy and the audit risk model.
Major Topics:
Key Topics
- Relevant professional standards
- The audit risk model
- Considerations and cautions
- Audit strategy
Designed For:
Who Will Benefit
- Recently onboarded staff
- First-year staff
- Firms that want consistent training and level setting