Log Out

Introduction to the Audit Risk Model

 
1
Registration is Open
VSCPA Members
$89.00 Regular Registration
Nonmembers
$109.00 Regular Registration
Designed For:

Recently onboarded staff
First-year staff
Firms that want consistent training and level setting

Prerequisite:

None

This CPE course will explain the audit risk model and discuss how it is used at the onset of and throughout the audit process.

The audit risk model has a long history in auditing. Its importance has been heightened recently by efforts to assess the quality of audits and determine the sufficiency of audit procedures to achieve a low risk that a material misstatement might exist and be missed by the auditor during the audit process. The audit risk model is a tool that can help peer reviewers and inspectors determine the sufficiency of procedures performed. Engagement teams can do a better job of documenting their work when they consider the structure of the audit risk model and how evidence regarding procedures and findings is tabulated.

Course provided by AICPA

Delivery Method: Self Study
CPE Credit: Auditing
Program Level: Basic

Related Events

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.