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2024 Instant Audit? Just Add Risk Assessment

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ACPEN Webcasts

Online, OK 00000

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1.00 Credits

Member Price $39

Non-Member Price $59

Overview

What would you do if you only had one workday to complete a financial statement audit? How would you optimize just a handful of hours? What would you test? More importantly, what would you minimize or eliminate? Although one day is unrealistically short, it illustrates how risk-based auditing can help auditors optimize professional effort. This course emphasizes the importance of risk assessment for enhancing both the effectiveness and efficiency of audit procedures.

Highlights

  • The audit risk model
  • Risk assessment
  • Linking risks to audit procedures
  • Other responses to risks
  • Documentation

Prerequisites

A basic understanding of financial statement audits

Designed For

Public accountants who perform audits or employees of organizations who are subject to audits

Objectives

  • Understand the audit risk model
  • Perform risk assessments
  • dentify significant risks
  • Adopt a risk-based audit approach

Preparation

None

Non-Member Price $59

Member Price $39