Strengthen your auditing skills and ensure compliance with regulatory standards by joining our PCAOB AS 2110 CPE training. This exclusive 2-hour webinar dives into the crucial process of identifying and assessing risks of material misstatement, equipping you with the tools needed to excel in your audit engagements. With expert-led instruction from industry professionals with Big 4 experience, this event offers actionable insights to drive audit quality and professionalism.
Why Attend PCAOB AS 2110 Risk Assessment Training?
1. Gain a Comprehensive Understanding of AS 2110
- Uncover the objective, scope, and significance of PCAOB AS 2110 in the auditing process.
- Learn how to tackle risk identification at both the financial statement and assertion levels.
2. Master Fraud Risk Assessment
- Develop skills to evaluate fraud risk factors and implement effective controls.
- Enhance your audit outcomes by addressing and mitigating risks of material misstatement due to fraud.
3. Stay Ahead in Your Professional Growth
- Earn 2 CPE credits, approved by NASBA, to meet your professional education goals.
- Gain confidence in applying best-practice methodologies directly to your audit work.
4. Learn from Expert Auditors
- Benefit from guidance and insights delivered by seasoned professionals with decades of industry experience, ensuring a practical and engaging learning experience.
What You’ll Learn
This course provides targeted training designed to make you proficient in the risk assessment process. Key learning objectives include:
Understanding PCAOB AS 2110
- Explore the requirements and foundational principles of the standard.
- Understand its pivotal role in audit quality and regulatory compliance.
Identifying Risks of Material Misstatement
- Learn strategies to detect risks at both assertion and financial statement levels.
- Enhance your ability to pinpoint potential issues before they escalate.
Fraud Risk Evaluation
- Delve into the nuances of assessing fraud risks, including practical steps to design and implement controls.
Evaluating and Testing Controls
- Gain expertise in assessing the design and effectiveness of control measures to manage identified risks.
Dynamic Risk Assessments
- Discover how to adapt risk assessments and revise audit plans as new evidence emerges during the audit process.
Course Details
- Schedule: Every 8 weeks on Tuesdays, from 1 p.m.–3 p.m. Central Time.
- Delivery Format: Group Internet-Based, designed for interactive learning.
- Credits: Earn 2 CPE credits, based on 50 minutes of instruction per hour.
- Fee: $140 per attendee.
- Private Sessions: Tailored scheduling available for teams of two or more.
Course Agenda
Session Highlights:
Introduction to PCAOB AS 2110
- Overview of the standard and its importance in auditing.
- Understanding the audit risk levels and considerations for materiality.
Risk Identification Techniques
- Effective tools for identifying risks of material misstatement.
- Insights on inherent risks, controls, and financial statement complexities.
Fraud Risk Assessment
- Practical approaches for uncovering and mitigating fraud factors.
- Using fraud assessment outcomes to inform broader audit strategies.
Dynamic Adaptation of Risk Assessments
- Frameworks for updating and refining risk evaluations as new information arises.
Real-World Applications and Expert Discussions
- Case studies and Q&A to solidify key concepts and ensure meaningful takeaways.
Who Should Attend?
This training is ideal for professionals who are committed to improving their risk assessment practices, including:
- Auditors and Accountants tasked with identifying risks in financial statement audits.
- Internal Auditors seeking to enhance their fraud detection and prevention skills.
- Financial Professionals aiming to refine their auditing methodologies and ensure compliance.
The Importance of PCAOB AS 2110
Risk assessment is a foundational element of effective auditing. PCAOB AS 2110 provides the guidance necessary to help auditors identify, assess, and address risks of material misstatement at every audit stage. This ensures not only compliance with auditing standards but also strengthens the accuracy, integrity, and reliability of financial reporting.
By mastering PCAOB AS 2110, auditors can:
- Protect organizations from financial reporting errors.
- Enhance transparency and trust with clients and stakeholders.
- Stay ahead in an evolving regulatory environment.
Elevate Your Audit Practice
Invest in your professional development with this focused PCAOB AS 2110 CPE training. Gain critical risk assessment expertise, improve your audit quality, and earn 2 CPE credits to fulfill your educational needs.
Register now to secure your spot and position yourself as a leader in risk assessment and audit excellence!
PCAOB AS 2110: Identifying & Assessing Risks of Material Misstatement
Offered every eight weeks on Tuesdays at 1:00 p.m. to 3:00 p.m. Central Time in two CPE-Credit event.
We can schedule private events on your timetable for two or more attendees.
NASBA Program Disclosure
Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 2, based on 50 minutes of instruction per hour