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Friday, December 11, 2026 Live Webcast

Performing an Effective Audit Risk Assessment (X1-RAC4-2026-01-WEBNR-345-01)

9:00 AM - 12:30 PM EST
webcast

Vendor Platform

4 CPE Credits in AA

OVERVIEW


Recent feedback from the AICPA has emphasized the importance of performing an effective risk assessment to identify and evaluate the risk of material misstatement in a financial statement audit. SAS 145, the 2023 amendment to AU-C 315, makes significant changes to the extant risk assessment standard and certain changes to other standards as well.

DESIGNED FOR

All auditors involved in applying the risk assessment requirements

BENEFITS

  • Recall key concepts in the risk assessment standards, including various requirements
  • Recognize how to implement the standards in practice
  • Identify approaches to comply with professional standards while auditing in a virtual environment

HIGHLIGHTS

  • Audit process and planning
  • Materiality, performance materiality, and tolerable misstatement
  • Assessing the risk of material misstatement
  • Understanding internal controls and when the auditor must evaluate the design and implementation of internal controls
  • Designing procedures to test the effectiveness of controls
  • Issues noted related to performing substantive procedures
  • Documentation
  • Communication with the Client and Governance

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Margaret Thomas

Margaret Shaw Thomas, CPA, CGMA, MHA
(4.5)

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PRICING

$149.00 - Member

$289.00 - Nonmember

Register Today


Note: Online pre-registration will close on December 11 at 8:30 AM.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent