Webcast: Applying the Risk Assessment Standards to Enhance Audit Quality (XARAAQ317)
Register Tell a Friend About This EventTell a Friend
 

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 8/3/2017
When: 08/03/2017
8:00 AM until 12:00 PM
Where: Webcast
AICPA
1377820:C5C431828C9C7876F6E8DA867B2A9216
United States
Presenter: Melissa Critcher


Online registration is available until: 8/1/2017
« Go to Upcoming Event List  

Acronym XARAAQ317
CPE 4 hours
Vendor AICPA
Category
Auditing
Level Basic
Prerequisite None
Adv Prep None
Yellow Book? No
Designed for All 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.