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Thursday, January 9, 2025 Live Webcast

Risk Assessment Under SAS No. 145: The Key to Audit Quality? (X2-48192)

12:00 PM - 2:00 PM EST
webcast

Vendor Platform

2 CPE Credits in AA

OVERVIEW

The AICPA has identified risk assessment as an area of focus for its Enhancing Audit Quality Initiative as deficiencies in auditor's risk assessment procedures continue to be a common issue identified in peer review. SAS No.

DESIGNED FOR

Practitioners who perform audit engagements

BENEFITS

After attending this presentation you will be able to...

  • Recognize key risk assessment concepts applying to SAS No. 145 in identifying and assessing risks of material misstatement
  • Determine the impact to the risk assessment process and the work to be performed
  • Identify risk assessment procedures related to the various components of the entity’s system of internal control
  • Recall how to scale risk assessment requirements to be effective and efficient, particularly for less complex entities
  • Recall when and how to evaluate design and determine the implementation of controls
  • Recognize risk assessment requirements to appropriately identify risks arising from the use of information technology (IT) and related general IT controls
  • Identify potential risk assessment and related audit documentation traps

HIGHLIGHTS

The topics that will be covered in this class include:

  • New concepts due to the issuance of SAS No. 145
    • Revised requirement to separately assess inherent risk and control risk
    • COURSE LEVEL

      Basic

      PREREQUISITES

      General knowledge of the risk assessment standards.

      ADVANCE PREPARATION

      None

    INSTRUCTOR

    Heather Trower

    Heather Trower

    PRICING

    $79.00 - Member

    $99.00 - Nonmember

    Register Today


    Note: Online pre-registration will close on January 9 at 11:30 AM.

    ADDITIONAL OPTIONS

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    COURSE DEVELOPER

    CPA Crossings