Applying the Risk Assessment Standards (ARAS419)
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The Risk Assessment Standards (SAS 104-111) require auditors to perform procedures related to risk assessment so that an auditor would properly allocate resources to obtain evidence in areas that had higher risks of misstatements. This course takes a step-by-step approach in identifying the requirements of the standards, discussion of how to apply those standards, documentation of the standards, and ultimately how to link the further audit procedures to the results of the risk assessment.

 Export to Your Calendar 11/20/2019
When: November 20, 2019
8:00 AM until 12:00 PM
Where: Doubletree by Hilton Lafayette
1521 W. Pinhook Road
Lafayette, Louisiana  70508
United States
Presenter: Kurt Oestriecher, CPA


Online registration is available until: 11/20/2019
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Acronym ARAS419
CPE 4 hours
Vendor Kurt Oestriecher
Category
Accounting & Auditing
Level Intermediate
Yellow Book? No
Registration Early Bird Standard
Members* $179 $229
CPA Non-Members $279 $329
The Early Bird rate is good through 11/5.

*The member rate applies to LCPA members, other state CPA 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.

Texas CPAs: Our Texas State Board of Public Accountancy Sponsor number is #010423.

Course Description
The Risk Assessment Standards (SAS 104-111) were issued in order to require auditors to perform procedures related to risk assessment so that an auditor would properly allocate resources to obtain evidence in areas that had higher risks of misstatements. These standards have been incorporated into various checklists and practice aids provided by third party vendors and it is critical that the auditor that is using these practice aids have a thorough understanding of the underlying standards.

This course takes a step-by-step approach in identifying the requirements of the risk assessment standards, discussion of how to apply those standards, documentation of the standards, and ultimately how to link the further audit procedures to the results of the risk assessment.

Major Topics

  • Use of practice aids
  • Understanding the entity and its environment
  • Understanding of internal control
  • Assessing the risk of material misstatement
  • Management assertions
  • Linking audit procedures to risk assessment

Prerequisite: None