Risk Wrangling: Surviving the Modern Business Rodeo

Overview

Risk-based factors are becoming exponentially important considerations for accountants in both public practice and industry. We examine the nature of risks for today’s enterprises while exploring the role of internal controls for mitigating business risks. We also explore SAS 145 and other guidance aimed at risk considerations for professional engagements. Public and private accountants will enhance their capabilities for assessing and addressing risks faced by today’s organizations.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

This course is being offered by a learning partner and will not be accessible on your My CPE page. Access information will be emailed directly to you by CPA Crossings.

Highlights

The major topics that will be covered in this course include:

Risk is the common thread in an evolving landscape
Risk assessment
Responding to assessed risks
Auditing standards
Other insights from AICPA guidance
Fraud considerations
The role of analytics
Financial reporting considerations
Risk mitigation

Prerequisites

Basic working knowledge of accounting procedures.

Designed For

Accountants in public practice and industry who need to identify, evaluate, and respond to risks encountered in business and professional circumstances.

Objectives

After attending this presentation, you will be able to...

Identify ways that risks influence the professional ecosystem
Use professional guidance to make risk-based decisions
Determine novel risks created by fraudulent behaviors
Apply analytical procedures to expose risks
Identify risk-related considerations associated with financial reporting
Formulate strategies for reducing the consequences of identified risks