Effective risk assessment is foundational to designing an appropriate audit response. This course introduces the audit risk model and provides an overview of the risk assessment procedures performed during engagements.
DESIGNED FOR
Auditors seeking a structured introduction or refresher
BENEFITS
After attending this presentation, you will be able to...
- Perform risk assessment procedures during an engagement
- Recall parts of the audit risk model
HIGHLIGHTS
The major topics that will be covered in this course include:
- Overview of the risk assessment procedures performed during engagements.
- Inquiries, analytical procedures, and observation and inspection techniques.
- Understanding how risk assessment drives engagement planning and supports the development of appropriate audit responses.
PREREQUISITES
None
ADVANCE PREPARATION
None