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 the impact on your practice. Identify 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; designed to eliminate the connect-the-dots methodology of checklist auditing and add critical thinking back into the audit process. They remain a problem area for many firms, resulting in engagement and peer review deficiencies.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.
Registration
PICPA Member: $295 Nonmember: $400
More Information
Course No. 4201060FLevel: Intermediate
Prerequisites:
A working knowledge of audit standards is beneficial but not critical.
Notes
None
Speaker(s)
Nancy Rix
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.