21WC-0506: Risk Assessment Compliance Standards When Auditing Privately-Owned Companies (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Friday, September 17, 2021
10:00am - 1:30pm Central Time
4 CPE (4 technical)
Auditors identify and assess the risks of a material misstatement by understanding the entity and its environment. Privately-owned companies present unique challenges. We'll examine issues such as: Do identifiable controls exist? Do owners/managers promote compliance with company policies? Do owners/managers document controls and communicate them to staff? Are these controls observable? Can they be tested for operating effectiveness? Do owners/managers monitor employee performance andĀ evaluate the controls in place?
Major subjects
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Review of applicable auditing standards for risk assessment
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Identification and discussion of high-risk audit areas
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Discussion and analysis of control risk vs. inherent risk
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Practical approach to auditing companies where controls are minimal or not adequately documented
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Detailed discussion and examples of risk assessment procedures and alternative approaches
Learning objective(s)
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Please add objectives using the following verbs.
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Recognize high-risk areas applicable to private companies
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Determine the best approach to deal with private company shortcomings in control activities
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Identify the appropriate risk assessment procedures in the circumstances
Who should take this program?
CPAs
Fees
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$199.00
(Standard Nonmember Fee).
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Standard Member Fee |
$149.00
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Standard Nonmember Fee |
$199.00
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