Since the issuance of the Risk Assessment Standards, Peer Review teams have found that more than one in 10 firms failed to comply with AU-C Section 315 or 330. Learn what are the most pervasive issues that Peer Review teams have uncovered and how to avoid them.
DESIGNED FOR
CPAs and financial professionals working for nonprofit organizations or representing nonprofit clients.
HIGHLIGHTS
Major Topics:
- What are the misconceptions leading to non-compliance that relate to understanding the entity and it’s environment, assessing the risks of material misstatement and performing procedures in response to assessed risks?
- Consider how to determine responses identified and assessed risks by selecting or designing procedures.
- What risks are relevant to the financial statement audit?
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
This session was part of the 2019 Nonprofit Conference. If you previously attended this session you will not be eligible for credit again.