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The purpose of this course is to teach auditors on how to utilize a riskbased 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.
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12/1/2016
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When:
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Thursday, December 1, 2016
7:30 AM - 11:00 AM
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Where:
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UACPA Training Room
136 South Main Street, Suite 510
Salt Lake City, Utah 84101
United States
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Presenter:
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Robert Minniti
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Contact:
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April Deneault
801-466-8022
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« Go to Upcoming Event List
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| Acronym |
CL4ICRA
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| CPE |
4 hours |
Category
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Accounting & Auditing
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| Level |
Basic |
| Vendor |
AICPA |
| Who should attend |
All auditors involved in applying the risk assessment requirements
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Prerequisite
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None
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| Fees: |
Early Bird
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Standard
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| Member |
N/A
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$170 |
| Non-Member: |
N/A
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$195 |
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The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.
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Description
The purpose of this course is to teach auditors on how to utilize a riskbased 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.Specific topics include:
- Audit process and planning
- Setting materiality
- Assessing the risk of material misstatement and 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
- Recall key concepts in the risk assessment standards, including
various requirements.
- Recognize how to implement the standards in practice.
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