Course ID: RBA

Risk-Based Audit Standards: Effective Utilization

This program will review the requirements of risk-based auditing, address best practices when conducting planning and risk assessment procedures, describe audit testing strategies including sampling and internal control testing, and illustrate documentation examples that comply with the risk assessment standards.


LEARNING OBJECTIVES
  • Participants will be able to:
  • Apply the risk-based audit standards
  • Apply risk assessment audit procedures
  • Develop effective and efficient audit strategies for private entity audits
  • Select effective and efficient audit testing strategies
  • Determine when it might be more efficient to perform internal control testing

MAJOR TOPICS
  • Risk assessment process and procedures
  • Audit planning and strategy
  • Testing strategies
  • Internal control testing
  • Risk assessment audit standards
  • Sampling applications
  • Sufficiency of evidence
  • Documentation and best practices
  • Linked and tailored audit procedures
  • SAS No.132 on the Auditor’s Consideration of an Entity’s Ability to Remain a Going Concern

DESIGNED FOR
Audit practitioners having responsibility for planning and supervising audits, as well as other members of audit engagement teams involved with audits of non-public entities.

FIELD OF STUDY
Auditing

PREREQUISITES
Basic auditing course or equivalent experience

COURSE PRODUCER
Loscalzo Associates

CPE CREDITS
8.0

LEVEL
Basic

This course is available for your group as:

Group Live
 

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