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