Introduction to Risk Assessment- Self-Study
Available Until
2.00 Credits
Member Price $105
Non-Member Price $130
Overview
Proper risk assessment is essential to designing an appropriate risk response during engagements. This course provides a foundational understanding of risk assessment procedures, equipping participants with the knowledge needed to enhance audit efficiency and effectiveness. Attendees will explore the requirements of AU-C Section 315, which mandates that auditors gain an understanding of the entity and its environment. We will break down the audit risk model, ensuring a clear understanding of its individual components and how this formula drives decision-making throughout the engagement.
Through practical guidance, we will outline the steps of performing risk assessment, from executing risk assessment procedures to responding to identified risks. Additionally, we will emphasize the importance of walkthroughs on internal controls and their role in assessing risk.
Highlights
Prerequisites
None
Designed For
CPAs in Oklahoma
Objectives
- Perform risk assessment procedures during an engagement
- Recall parts of the audit risk model
Preparation
None
Notice
Leader(s):
Leader Bios
Jaclyn Veno, CPA Crossings Webinars
<Jaclyn Veno, CPA has extensive experience in accounting, auditing, and adult learning. At Galasso Learning Solutions, she develops highly rated Level Training programs that bring concepts to life through case studies, hands-on activities, and games.Before joining GLS, she worked for two Top 10 CPA firms, managing international teams and overseeing more than 20 acquisition audits. A Clemson University grad with both bachelor’s and master’s degrees in accounting, she also holds certificates in Adult Learning Theory, Instructional Design, and Facilitation.
Non-Member Price $130
Member Price $105