Back to Search

Risk Assessment for Small Business Audits Webinar

CPE

When
Sept. 21
2:00 - 4:00 p.m.

CPE Credits
2-A&A

Details

 Pricing

PICPA Member: $79 | Nonmember: $104


 More Information

Course No.
MLMRRAS2
Level
Intermediate
Prerequisites
Basic understanding of the audit risk model.
Note
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.

Description

Auditing standards require auditors to assess risk—including controls—and use that assessment as a foundation for performing the audit. Risk assessment is not just a technical GAAS requirement, it has a direct impact on realization. Audit teams that perform a thorough risk assessment are more likely to have high realization engagements than those who go through the motions. This course is designed for small business audit teams. It addresses the risk assessment procedures and responsibilities for each team member and how they fit together to create more effective and efficient audits. 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:

After attending this presentation you will be able to...

  • Identify characteristics of the client’s business and industry that are most relevant for assessing audit risk
  • Identify the client’s key controls and assess their ability to mitigate risk 
  • Link the elements of the risk assessment model to an overall assessment of risk and the design of further audit procedures.

Highlights

The major topics that will be covered in this class include:

Each element of the risk assessment process:

  • Understanding the client’s business and industry in which it operates
  • Internal control
  • Assessing the magnitude and likelihood of risk
  • Linking risk assessment to substantive audit procedures



Speaker(s)


You May Also Like

What Every Auditor Needs to Know about Data Analytics Webinar
Oct. 27 | Webinar
If you’ve made or are thinking of making an investment in audit analytics software, this webinar is a must. Too often firms invest in new technologies only to be disappointed ...
Improving Realization on Small Business Audits Webinar
Nov. 19 | Webinar
The number one reason small business audits have low realization is that partners and managers are forced to wrap up the job after the staff has moved on to their ...
Accounting & Auditing Conference - Webcast
Dec. 9 | Webinar
Get the latest relevant information and updates on current accounting, auditing, and financial reporting issues. ...