Surgent's Identifying and Evaluating Audit Risk (Audit Skills Training - Level 3) (Self-Study)
Valid for one year from purchase date
Auditing - Technical (3.0)
Standard member fee
Standard nonmember fee
to receive member fee.
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.
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
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
NASBA ID#: 103212
Familiarity with SASs and FASBs