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Audit Standards Update: Clarifying Risk Assessment Webinar

CPE

When
July 18
11:30 a.m. - 7:30 p.m.

CPE Credits
8-A&A

Details

 Pricing

PICPA Member: $245 | Nonmember: $345


 More Information

Course No.
4191060B
Level
Intermediate
Prerequisites
A working knowledge of audit standards is beneficial but not critical.

Description

  • Understand the audit risk model.
  • Determine how the standards affect your audit practice.
  • Identify additional procedural changes requiring firm implementation.
  • Determine an implementation plan and the procedural and documentation requirements embodied in these standards.
  • Recognize the impact of enacted changes resulting from the AICPA Clarity Project.

Highlights

Recognize the impact of AICPA's Clarity Project for audits. Determine how this affects your practice and identify the additional procedural changes requiring firm implementation.

With peer review results in and more than a few years' worth of experience under the profession's collective belt, it's time to fine-tune implementation of the risk assessment standards. These standards, designed to eliminate the connect-the-dots methodology of checklist auditing and add critical thinking back into the audit process, remain a problem area for many firms. The result? Engagement and peer review deficiencies.

This course has been updated for the AICPA Clarity Standards that expanded the risk assessment methodology to new additional audit areas. Break down this complex and misunderstood subject with an easy-to-understand approach.



Speaker(s)

Nancy Rix is a partner at Dickerson Rix & Company, LLP, a full-service audit and tax firm in San Diego. A former senior manager at Ernst & Young and PWC, Nancy works with clients in a variety of industries, including distribution, health care, manufacturing, and non-profit. Nancy is a CPA, has an MBA from the University of Chicago, is a member of the AICPA and the California Society of Certified Public Accountants, is a member of the CalCPA state AP&AS committee, and is a speaker on various A&A topics, including revenue recognition.


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