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Thursday, April 3, 2025 Live Webcast

Audit 105: The Audit Risk Model - Foundational Principles (X2-49638)

11:00 AM - 1:00 PM EDT
webcast

Vendor Platform

2 CPE Credits in AA

OVERVIEW

The Audit Risk Model - Understanding Foundational Principles is a critical foundational course. Financial statement auditors are engaged to provide reasonable assurance that financial statements are not materially misstated, whether due to fraud or error.

DESIGNED FOR

Professionals requiring knowledge of fundamental audit concepts

BENEFITS

Upon completion of this course, you will be able to...

  • Identify the basis for an audit
  • Recall the auditor's professional responsibilities
  • Differentiate the responsibilities of reporting entity management and auditors
  • Recognize important audit concepts, such as materiality
  • Recall the foundational principles of the audit risk formula
  • Identify considerations when Identifying and assessing risk of material misstatement

HIGHLIGHTS

The major topics covered in this course include:

  • The reason that entities engage a financial statement audit
  • The applicable financial reporting frameworks available
  • The various phases of a financial statement audit
  • Evaluating and documenting audit risk, both at the overall and relevant assertion level
  • Case study differentiating high-risk audit engagements and higher-risk audit areas

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Jennifer Louis

Jennifer F. Louis, CPA

President

Emergent Solutions Group

Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys

PRICING

$79.00 - Member

$99.00 - Nonmember

Register Today


Note: Online pre-registration will close on April 3 at 10:30 AM.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

CPA Crossings