Webcast: Applying the Risk Assessment Standards to Enhance Audit Quality (XARAAQ117)
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The purpose of this course is to teach auditors how to utilize a risk based approach within their engagements to enhance audit quality. Auditors continue to struggle with effective and efficient execution of the Risk Assessment Standards. Common deficiencies include an over-reliance on checklists and inadequate documentation of audit risk assessment, including linkage of audit procedures to the risks they are designed to address. The AICPA Peer Review team continues to see common audit deficienc

 Export to Your Calendar 6/9/2017
When: 06/09/2017
8:00 AM until 12:00 PM
Where: Webcast
AICPA
1377804:CD543FDFC1F3ADD74DAA40E03987C430
United States
Presenter: Melissa Critcher


Online registration is available until: 6/7/2017
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AcronymXARAAQ117
CPE4 hours
VendorAICPA
Category
Auditing
LevelBasic
PrerequisiteNone
Adv PrepNone
Yellow Book?No
Designed forAll auditors involved in applying risk assessment requirements
Registration
Member$159
CPA Non-Member$199

The Member rate applies to LCPA members, other 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.

Course Description

The purpose of this course is to teach auditors how to utilize a risk based approach within their engagements to enhance audit quality. Auditors continue to struggle with effective and efficient execution of the Risk Assessment Standards. Common deficiencies include an over-reliance on checklists and inadequate documentation of audit risk assessment, including linkage of audit procedures to the risks they are designed to address. The AICPA Peer Review team continues to see common audit deficiencies relating to risk assessment.

Topics

  • Audit process and planning
  • Setting materiality
  • Assessing the design and implementation of internal controls
  • Designing procedures to test the effectiveness of controls
  • Designing procedures to perform substantive procedures
  • Performing and evaluating interim and year end tests of control and substantive procedures
  • Final audit procedures and wrap up

Objectives
When you complete this course you will be able to:

  • Recall key concepts in the risk assessment standards, including various requirements.
  • Recognize how to implement the standards in practice.