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Clarifying Risk Assessment - SAS 145 and Beyond 25-26

 Various
 
4.0
Registration is Open
Member Price
$175.00 Regular Registration
Your Price
$229.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Mon, 06/16/2025 from 11:00 am to 2:30 pm
 Wed, 08/20/2025 from 11:00 am to 2:30 pm
 Fri, 11/21/2025 from 11:00 am to 2:30 pm
 Thu, 01/15/2026 from 11:00 am to 2:30 pm
Designed For:

Auditors and industry CPAs.

Prerequisite:

Working knowledge of audit standards is beneficial but not critical.

This course is designed to refresh your understanding of the critical importance of risk assessment in the audit practice. We'll briefly discuss the impact of AICPA's Clarity Project for audits and the need to update firm processes to incorporate the risk assessment standards. Participants may alternatively need to fine-tune an implementation of the risk assessment standards. These standards are designed to eliminate the connect-the-dots methodology of checklist auditing and add critical thinking back into the audit process. They remain a problem area for many firms, resulting in engagement and peer review deficiencies. This course has been updated to include a more in-depth discussion of SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement. We will break down this complex and misunderstood subject with an easy-to-understand approach.

Delivery Method: Individual webcast
CPE Credit: Auditing
Program Level: Intermediate

Sponsors

For Technical Support: 
Please contact the CalCPA Help Desk at (866) 928-8915, [email protected] . Allow 1 business day for email responses

Objectives

  • Understand the audit risk model
  • Determine how the standards affect your audit practice
  • Identify additional procedural changes requiring firm implementation
  • Determine an implementation plan and the procedural and documentation requirements embodied in these standards
  • Become familiar with SAS 145

Speakers

Advanced Preparation

None

Vendor

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.