Webinar

Audit Risk Assessment in Plain English

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Audit Risk Assessment in Plain English, is a 2 hour webcast highlighting the AICPA's clarified risk assessment standards, along with a new Statement on Auditing Standard (SAS 145) related to understanding the entity, the entity's environment, the entity's internal controls, and assessing the risks of material misstatement. This session will attempt to simplify the requirements using common sense examples and language.

Major subjects

• Overview of Audit Risk Assessment
• AICPA's clarified Risk Assessment Standards
• SAS 145
• Assessing the Entity's Environment

Learning objectives

• Understand the AICPA's clarified risk assessment standards and their importance in the auditing process.
• Familiarize oneself with the key components of the new Statement on Auditing Standard (SAS 145) related to understanding the entity, the entity's environment, the entity's internal controls, and assessing the risks of material misstatement.
• Develop an understanding of the relationship between audit risk assessment and the overall audit strategy.

Who should take this program?

• Industry and Public Accountants

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $79.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

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Related programs

Feb. 8, 2025 | SAS 145: Risk Assessment | Webinar

Feb. 10, 2025 | Audit 202: Applying Audit Risk to the Detailed Audit Plan | Webinar

Feb. 11, 2025 | Risk Assessment for Small Business Audits | Webinar

Feb. 13, 2025 | Risk Assessment Under SAS No. 145 | Webinar

Feb. 17, 2025 | What's Changing in Risk Assessment | Webinar

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