Risk Assessment Today
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