Risk Assessment Today

Available Anytime
Location: Online
3Credits
Accounting and Auditing
Registration is Open
FICPA Members
$69.00 Regular Price
Nonmembers
$89.00 Regular Price
Product Code: AI23-RAEAQ
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Auditing

Overview:

Peer Review issues

Several engagements continue to fail to comply with the risk assessment standards. Learn about the most pervasive risk assessment issues the Peer Review team has uncovered and how to avoid them in your practice.

Common problems and solutions

Review the most common problems faced during risk assessment and how to overcome them.

Learning Objectives

  • Identify significant elements of the current Enhancing Audit Quality (EAQ) initiative
  • Recall the most recent developments in the Peer review Program
  • Recognize common reviewer feedback items

Major Topics:

Key Topics

  • Misconceptions leading to noncompliance with AU-C sections 315 and 330
  • Understanding the entity and its environment, including internal control
  • Assessing the risks of material misstatement
  • Performing audit procedures in response to assessed risks

Designed For:

Who Will Benefit

Peer Reviewers



Prerequisite:

None