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Risk Assessment Under SAS No. 145

 Various
 
2.0
Registration is Open
Member Price
$125.00 Regular Registration
Your Price
$149.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Thu, 07/24/2025 from 11:00 am to 1:00 pm
 Thu, 08/21/2025 from 11:00 am to 1:00 pm
 Thu, 09/18/2025 from 11:00 am to 1:00 pm
 Thu, 10/23/2025 from 11:00 am to 1:00 pm
 Thu, 11/20/2025 from 11:00 am to 1:00 pm
 Thu, 12/18/2025 from 11:00 am to 1:00 pm
 Thu, 01/22/2026 from 11:00 am to 1:00 pm
 Thu, 02/19/2026 from 11:00 am to 1:00 pm
 Thu, 03/19/2026 from 11:00 am to 1:00 pm
 Thu, 04/16/2026 from 11:00 am to 1:00 pm
Designed For:

Practitioners who perform audit engagements

Prerequisite:

none

Get familiar with SAS No. 145 (bold)

In October 2021, the AICPA Auditing Standards Board issued Statement on Auditing Standards (SAS) No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement.

SAS No. 145 does not fundamentally change the key concepts underpinning audit risk. Rather, it clarifies and enhances certain aspects of the identification and assessment of the risks of material misstatement to drive better risk assessments and, therefore, enhance your audit quality.

Hear from members of the Auditing Standards Board's risk assessment task force as they help you learn to navigate SAS No. 145 and examine new and updated concepts including:

  • A new definition of significant risk
  • New guidance on maintaining professional skepticism
  • Revised requirements to evaluate the design of certain controls
  • Separately assessing inherent risk and control risk
  • Revised requirements regarding audit documentation
  • New guidance on scalability
    Delivery Method: Individual webcast
    CPE Credit: Auditing
    Program Level: Basic

    This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by AICPA.

    • Objectives

    • Recall why risk assessment is important.
    • Recognize the areas where practitioners may struggle.
    • Identify the major differences in risk assessment under SAS No. 145 and why they were incorporated by the Auditing Standards Board.
    • Recognize the practical impact to the risk assessment process and the work to be performed.

    Speakers

    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.