Surgent's Identifying and Evaluating Audit Risk (Audit Skills Training - Level 3) (Self-Study)

Code: JSODA3M3

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 3.0
Field(s)
of study
Auditing - Technical (3.0)
Fees
Standard member fee $54.00
checkmarkStandard nonmember fee $54.00

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Description

Properly identifying, assessing and responding to risk through a detailed audit plan is critical to an effective and efficient financial statement audit. This module will emphasize the key concepts that drive the risk-based audit process.

Who should take this program?

Accountants who must identify, assess and respond to risk through a detailed audit plan on a financial statement audit.

Major subjects

  • Overview of the risk-based audit process
  • How the elements of the audit risk formula interrelate
  • Emphasis on overall risk, fraud risk, and control risk
  • Linking the assessed risk of material misstatement to the detailed audit plan
  • Documenting risk assessment conclusions and responses

Learning objective(s)

  • Explain the importance of risk assessment to a high quality audit
  • Describe the audit risk formula, including how the elements relate
  • Discuss the steps of an effective risk assessment process
  • Link risk to a detailed audit plan

Notes:

Course code Code JSODA3M3
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Self-Study (On-Demand)
Prerequisites Prereq. Familiarity with SASs and FASBs
Advance
prep
None