Mobile Edition

Applying the Risk Assessment Standards to Enhance Audit Quality (AIARAS06)

Date:Wednesday, January 24, 2018
Time:9:00 AM - 12:59PM
(Registration at 8:30 AM)
Facility:Webcast or Webinar, Online
CPE Credit:4.0 Accounting and Auditing
Instructor: Melisa Galasso
Course Level:Basic
Early Bird Price:$159.00 FICPA Members, $199.00 Non-Members


The purpose of this webcast is to teach auditors how to utilize a risk based approach within their engagements to enhance audit quality. Auditors continue to struggle with effective and efficient execution of the Risk Assessment Standards. Common deficiencies include an over-reliance on checklists and inadequate documentation of audit risk assessment, including linkage of audit procedures to the risks they are designed to address. The AICPA Peer Review team continues to see common audit deficiencies relating to risk assessment.


LEARNING OBJECTIVES When you complete this webcast you will be able to:

 Recall key concepts in the risk assessment standards, including various requirements.

Recognize how to implement the standards in practice.

Major Topics:


Audit process and planning

Setting materiality

Assessing the design and implementation of internal controls

Designing procedures to test the effectiveness of controls

Designing procedures to perform substantive procedures

 Performing and evaluating interim and year end tests of control and substantive procedures

Final audit procedures and wrap up

Who Should Attend:
All auditors involved in applying risk assessment requirements


If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.