Risk Assessment Deep Dive: How to Avoid Common Missteps 
Are you starting your audit off on the right foot?
Who Will Benefit
- Auditors
Key Topics
- Risk Assessment Standards
- Peer Review
- AU-C Sections 315 and 330
Learning Objectives
- Identify the most commonly misapplied requirements of AU-C Sections 315 and 330.
- Recognize the intent of the Standards and how the requirements should be interpreted.
- Discuss practical application of the Standards in audits of small- to medium-sized entities.
- Recall helpful resources to support quality performance.
At the core of every audit are the goals of identifying, assessing and responding to risks of material misstatement.
However, more than a decade after the Risk Assessment Standards were issued, the AICPA Peer Review team has found that more than one in 10 firms failed to comply with AU-C Section 315 or 330.
What you can expectIn this webcast, you'll learn about the most pervasive issues the Peer Review team has uncovered and how to avoid them in your practice.
A self-study version of this course is available here.
- Assurance: Technical: Audit: Audit risk assessment, Foundational
- Assurance: Technical: Peer review, Foundational
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