This update is essential and designed to assist you in the application of Statements on Standards for Accounting and Review Services (SSARSs) issued by the American Institute of Certified Public Accountants (AICPA). Learn about recently issued SSARS Nos. 26 and 27, identify common accounting and reporting issues, and hear about other recent developments.
DESIGNED FOR
Industry and Public Accountants
BENEFITS
- Understand the AICPA's clarified risk assessment standards and their importance in the auditing process.
- Familiarize oneself with the key components of the new Statement on Auditing Standard (SAS 145) related to understanding the entity, the entity's environment, the entity's internal controls, and assessing the risks of material misstatement.
- Develop an understanding of the relationship between audit risk assessment and the overall audit strategy.
HIGHLIGHTS
- Overview of Audit Risk Assessment
- AICPA's clarified Risk Assessment Standards
- SAS 145
- Assessing the Entity's Environment
PREREQUISITES
None
ADVANCE PREPARATION
None