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Risk Assessment Today
Audit & Assurance

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.



NASBA Field of Study




CPE Credits



Carl R. Mayes Jr., Jennifer Burns


Product Number


 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
NASBA Field of Study
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
2 hrs
For more information, please refer to CPE requirements and NASBA sponsorship information
Do you have an AICPA membership? Log in to apply your member discount.
AICPA Members

Group ordering for your team

2 to 5 registrants

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6+ registrants

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Contact us
Carl R. Mayes Jr.
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
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.

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Risk Assessment Today
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Mar 08, 2023
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Apr 05, 2023
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