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Risk Assessment Today
Audit & Assurance
Webcast

Risk Assessment Today

Bolster the quality of your audits by further understanding risk assessment guidance and why the risk assessment process is so important. Learn how to improve audit quality by avoiding common challenges.

$109 - $131
Do you have an AICPA membership? Log in to apply your member discount.

Format

Webcast

NASBA Field of Study

Auditing

Level

Basic

CPE Credits

2

Author(s)

Carl R. Mayes Jr., Jennifer Burns

Availability

Product Number

VRAEAQ22070

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 Business & partner 
Product Details

Identify the challenges of risk assessment

In today's environment, you need to prepare to handle the new and heightened risks of performing an audit. Compliance is key. Understand how to perform high-quality audit engagements by appropriately identifying and responding to the risks of material misstatement.

In this webcast, you'll learn to recognize common, reoccurring challenges — many identified through the peer review process — and learn how to avoid or overcome them.

Key Topics

  • 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

Learning Outcomes

  • Recognize the importance of understanding the risk model and risk assessment process to perform a quality audit in accordance with the standards.
  • Identify the requirements of the auditing standards when naming risks relevant to the financial statement audit.
  • Recall the techniques to evaluate the probability of identified risks.
  • Determine how to properly respond to risks.

Who Will Benefit

  • Practitioners who perform audit engagements
Credit Info
CPE Credits
2
NASBA Field of Study
Auditing
Level
Basic
Prerequisites
none
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
2 hrs
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$131.00
AICPA Members
$109.00

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 order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Speakers
Carl R. Mayes Jr.
CPA
Carl Mayes is the AICPA’s Senior Director – Audit and Accounting Quality. Carl oversees the AICPA’s audit-related offerings, including learning, publications, and conferences. He is responsible for the Enhancing Audit Quality (EAQ) initiative and AICPA Not-for-Profit Section. He previously directed the CPA Evolution initiative, which is transforming the path to CPA licensure, and served on the AICPA Peer Review team. Carl is a licensed CPA in North Carolina and a Certified Association Executive. Before joining the AICPA, he worked as an auditor for regional and local public accounting firms.
Jennifer Burns
CPA
Jennifer Burns, CPA is the Chief Auditor at the Association of International Certified Professional Accountants. Jennifer serves as the Association’s leading expert on U.S. and international auditing and attestation standards and leads its professional standards team in the delivery of high-quality innovative audit, attest, quality control, review, compilation, and preparation standards. Jennifer provides strategic direction to the AICPA U.S. Auditing Standards Board (ASB) and the U.S. Accounting and Review Services Committee (ARSC), in partnership with their chairs. She works with the ASB in identifying and developing innovative and transformational standards that encourage the use of technology in the audit and in visioning how the audit might change as technology advances. Prior to joining the AICPA in January 2021, Jennifer was a partner in the national office for Deloitte & Touche LLP where she focused on regulatory, standard-setting and quality matters impacting the performance of audits. In this role, she regularly interacted with standard-setting and regulatory entities including the PCAOB, SEC, IAASB and COSO, representing the views of the firm. Most recently she applied her passion and expertise for audit innovation to oversee the development of tools and methodologies that facilitated the delivery of audit and attestation services. She transformed the firm’s and profession’s approaches to emerging areas of assurance and developed guidance and thought leadership on other critical issues, including internal control, third-party assessments, sustainability, blockchain and artificial intelligence. From 2004-2006, Jennifer served as a professional accounting fellow in the SEC’s Office of the Chief Accountant where she focused on professional practice matters, including issues related to the implementation of the Sarbanes-Oxley Act of 2002. Jennifer graduated cum laude from Claremont McKenna College in Claremont, CA and is a CPA in California and Nevada.
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Risk Assessment Today
Select from the following options:
Oct 19, 2022
5pm7pm GMT
Nov 16, 2022
4pm6pm GMT
Dec 14, 2022
6pm8pm GMT
Jan 11, 2023
4pm6pm GMT
Nonmember Price
$131.00
Price excluding sales tax
$131.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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