Risk Assessment During the Recovery
This course will review the risk assessment standard requirements and discuss the importance of risk assessment during the pandemic recovery period. It will help you to improve audit quality by avoiding common challenges.
Format
Online
NASBA Field of Study
Auditing
Level
Intermediate
CPE Credits
4
Availability
1 year
Product Number
157001
Prepare yourself for common challenges during the pandemic and recovery period by reviewing the risk assessment standard requirements.
Stay compliant
Prepare to handle new and heightened risks in the wake of the coronavirus pandemic. Understand how to perform high-quality audit engagements by appropriately identifying and responding to the risks of material misstatement.
Peer Review issues
Several engagements continue to fail to comply with the risk assessment standards. Learn about the most pervasive risk assessment issues the Peer Review team has uncovered and how to avoid them in your practice.
Pandemic fallout
Learn how to properly assess risk affecting clients during the coronavirus pandemic.
- Practitioners who perform audit engagements
- Misconceptions leading to noncompliance with AU-C sections 315 and 330
- Understanding the entity and its environment, including internal control
- Assessing the risks of material misstatement
- Performing audit procedures in response to assessed risks
- New risks to consider as a result of the COVID-19 pandemic
- Identify the most common challenges auditors encounter with respect to AU-C sections 315 and 330.
- Recall the intent of the standards and how the requirements should be interpreted.
- Recognize practical application of the standards in audits of small- to medium-sized entities.
- Identify and access helpful resources to support quality performance.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org
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