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Risk Assessment - The Foundation of an Audit of a Live Event Webinar

CPE

When
May 24
3:00 - 5:00 p.m.

CPE Credits
2-A&A

Details

 Pricing

PICPA Member: $79 | Nonmember: $104


 More Information

Course No.
PAAHTFA2
Level
Basic
Prerequisites
None
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

This course considers the AICPA audit quality challenges related to audit risk assessment, including the risk assessment model, as well as identifying, assessing, and responding to audit risks. Take part in an in-depth review of the audit risk assessment process, with examples of potential risk areas and samples of tailored responses. Identify key changes proposed by the AICPA Auditing Standards Board project on risk assessment. 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...

  • Recall the risk assessment process.
  • Identify specific examples and resources that firms can use to ensure compliance with important standards.
  • Recognize the risk assessment deficiencies commonly noted in connection with peer review.
  • Ensure that audit work is tailored to the key audit risks and in compliance with the AICPA audit risk assessment standards.

Highlights

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

  • AICPA Audit Quality Initiative audit risk assessment findings and areas of focus.
  • Audit risk assessment model.
  • Audit risk assessment process, including identifying, assessing, and responding to audit risk.
  • Examples of potential risk areas and responses.
  • Required risk assessment documentation.
  • AICPA Auditing Standards Board audit risk assessment project.


Speaker(s)

Allison M. Henry, CPA
Vice President, Professional & Technical Standards
PICPA

Allison is presently the Vice President - Professional & Technical Standards for Pennsylvania Institute of CPA’s (PICPA) where she is responsible for overseeing the administration of the AICPA’s Peer Review Program in Pennsylvania, Delaware, and the Virgin Islands. She also administers PICPA’s Joint Ethics Enforcement Program with the AICPA, and serves as the technical staff liaison to seven state-wide committees and two newly-created task forces; specifically, the Peer Review, Professional Ethics, Accounting and Auditing Procedures, Forensic and Litigation Services, Business Valuation, Not-for-Profit and Employee Benefit Plan Committees and the Healthcare Reform and Marcellus Shale Task Forces. In addition, she fields technical inquiries, writes columns for the CPA Journal and Pursuit publications, provides technical updates at PICPA chapter events, and assists in writing responses to technical exposure drafts.

Allison has been in the profession for about twenty years, including twelve years in public accounting and over eight years with PICPA. Her public accounting experience consists of several years as senior manager with a regional accounting firm and nine years at Deloitte & Touche, LLP, where she worked in their assurance and advisory services group. Her diverse client service experience includes many not-for-profit, healthcare, and world relief organizations, as well as small and large manufacturing, distribution, and other service-oriented entities. She has also served as the designated employee benefits specialist. Prior to her experience with Deloitte, she spent four years in internal accounting positions including the Department of Defense, while her husband was serving on active duty with the U.S. Army.

Allison is a graduate of Washington University in St. Louis and holds an accounting equivalency from the University of Arkansas in Little Rock. She is a member of the Pennsylvania Institute of Certified Public Accountants and the American Institute of Certified Public Accountants. She is also a member of Washington Crossing United Methodist Church, where she serves on the financial accountability team, and volunteers for the children’s ministry. She is a native of St. Louis, Mo. and is an avid runner.


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