Webinar

How to Get a Better Return on Financial Statement Audits: Avoiding the Most Misapplied Risk-Based Audit Concepts

If you have questions about this event, please call us at 952-831-2707.

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By far, the biggest contributing factor that leads to a profitable, yet high quality, financial statement audit is the proper identification, evaluation, and response to assessed risk of material misstatement. When designing your detailed audit plan, how and where you decide to spend your time is largely a matter of professional judgment. The proven tips and techniques for critically rethinking how you plan and design your audit taught in this course will help auditors enhance audit quality and manage profitability in all engagements.

Major subjects

• Properly assessing inherent, control, and fraud risk on an engagement, and linking the results to an appropriately tailored detailed audit plan based on risk assessment and client service goals, regardless of entity type (for-profit, nonprofit, governmen

Learning objectives

• Recognize how the nature, timing, and extent of planned audit procedures can (and should) vary commensurate with assessed risk of material misstatement
• Recall how workpaper review is a critical tool for promoting audit effectiveness and efficiency
• List tips for strengthening the design, documentation and evaluation of substantive analytic procedures
• Explain the impact that strong client and engagement management can have on improving profitability

Who should take this program?

• Any financial statement auditor who wishes to learn how to be more effective and efficient on engagements

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $225.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.