In this 1 CPE training event, we will focus on the essential contents of PCAOB Auditing Standard 1101: Audit Risk. Our goal is to provide you with a comprehensive understanding of Audit Risk as defined in this crucial standard, enabling you to navigate the complexities of auditing financial statements with confidence.
At this training event, authenticity and genuine connection are at the forefront. We understand the importance of presenting information in a manner that resonates with our participants, building trust through transparency, sincerity, and a true understanding of your needs as professionals in the field.
Understanding Audit Risk: We will begin by exploring the concept of audit risk and its significance in financial statement audits. Gain insights into how to identify and assess audit risks effectively, ensuring accurate and reliable audit opinions.
Factors Influencing Audit Risk: Overview the various factors that impact audit risk, such as the nature of the organization being audited, complexity of transactions, internal controls, and the potential for fraud or error. Learn how to navigate these factors strategically to minimize risk and ensure a thorough audit process.
Audit Planning and Execution: Proper planning is essential for successful audits. Discover best practices for audit planning, including obtaining a deep understanding of the auditee's operations, assessing internal control systems, and identifying areas of potential risk. Explore strategies for executing the audit plan efficiently and effectively.
Audit Evidence and Professional Skepticism: Learn the importance of gathering reliable and relevant audit evidence to support your audit conclusions. In SOX 404 situations this includes a comprehensive understanding of management's internal control assessment. Understand how professional skepticism plays a critical role in maintaining objectivity and uncovering potential misstatements or irregularities.
Join us for this timely, one-hour CPE training event designed for CPA firm staff members engaged in PCAOB regulated audits. Attendees will gain practical insights into audit planning and incorporating the requirements of PCAOB AS 1101 compliance into their auditing workpapers effectively.
Each participant will earn 1 CPE hours (YB) and receive a certificate of completion, validating their proficiency in applying PCAOB Auditing Standard 1101.
Don't miss this opportunity to enhance your understanding of audit risk and its role in forming reliable audit opinions. Register now to gain valuable insights and techniques that will elevate your effectiveness in conducting PCAOB regulated audits.
PCAOB AS 1101: Audit Risk
Being offered on Thursday every six weeks at 10:00 a.m. to 11:00 a.m. Central Time.