Audit 202: Applying Audit Risk to the Detailed Audit Plan Webinar

May 7
2:00 - 4:00 p.m.

Online

2-A&A
CPE Credits

Best Practices for Identifying and Evaluating Audit Risk - Linking Risk to the Detailed Audit Plan will emphasize the key concepts and best practices that drive a thoughtful risk-based approach to forming an opinion on the financial statements. Properly identifying, assessing, and responding to risk through a detailed audit plan is critical to an effective and efficient financial statement audit. Note: This course is recommended as a part of a 16-hour audit skills curriculum for experienced staff, while it is also appropriate for anyone who has the need to better understand how to link risk assessments to the detailed audit plan. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:

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

Recall the importance of risk assessment to a high-quality audit
Recognize the audit risk formula, including how the elements relate
Identify the steps and best practices of an effective risk assessment process
Link risk to a detailed audit plan

Highlights

The major topics covered in this course include:

Overview of a risk-based audit process
How the individual elements of the audit risk formula interrelate
Emphasis on overall risk, fraud risk, and control risk
Linking the assessed risk of material misstatement to the detailed audit plan
Documenting risk assessment conclusions and responses

Registration

PICPA Member: $89
Nonmember: $114

More Information

Course No. ESA202P2 Level: Basic

Prerequisites: None

Notes
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.