Interactive Workshop: Engagement Planning and Risk Assessment Activities (EPRA16)
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When: 11/02/2016
8:30 AM until 4:30 PM
Where: LCPA - Training Facility
2400 Veterans Memorial Blvd
Suite 500
Kenner, Louisiana 
United States
Presenter: Gregory M. Clark

Online registration is closed.
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Acronym EPRA16
CPE 8 hours
Vendor Surgent McCoy CPE
Accounting & Auditing
Level Intermediate
Prerequisite Basic familiarity with financial statement audits, as this will be a fast-paced look at only the most important aspects of an audit
Adv Prep None
Who should attend

Public accounting professionals who perform audits of small and mid-size businesses

Registration Early Bird
(through 10/18)
(after 10/18)
Member $289 $339
CPA Non-Member $389 $439

The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.


This fast-paced, highly-interactive, and hands-on workshop is designed for auditors of small and medium-sized businesses. Every 15 minutes, a 10-minute case study, exercise, discussion group or other form of interaction will be used to create the most dynamic learning environment possible to allow you to put your learning into action. Then, it will be time to move on to the next topic. Whether you do one audit or multiple audits, this course is guaranteed to be practical, engaging and interesting!


  • Be familiar with key engagement acceptance/continuance decisions in special circumstances
  • Describe how to properly apply the audit risk model for an effective and efficient detailed audit plan
  • Discuss how to leverage what you know at the entity and operating environment, including internal control to more effectively identify risk
  • Explain identifying and responding to various specifically identified fraud risks of material misstatement


  • Safeguarding independence when both preparing and auditing the client’s financial statements
  • Determining an appropriate planning materiality and performance materiality based on the needs of the financial statement users
  • Important group financial statement audit requirements, including component auditor considerations
  • Initial audit requirements, including predecessor auditor considerations
  • Gaining an understanding of the entity and its environment to better assess audit risk
  • Performing a meaningful preliminary analytic review
  • Properly assessing inherent risk of material misstatement
  • Evaluating the design and implementation of internal control to better assess risk of material misstatement
  • Relying on a Service Organization Control Report for audit purposes
  • Evaluating general and application controls in an automated financial reporting environment
  • Deciding when to test the operating effectiveness of internal control for a control reliance strategy
  • The four basic food groups needed to satisfy your appetite for assessed risk of material misstatement
  • Maintaining required professional skepticism when evaluating the sufficiency and appropriateness of audit evidence
  • Testing for management override of controls
  • Responding to revenue recognition risk
  • Identifying and responding to other significant fraud risks in smaller entity environments, including misappropriate of assets