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Previously Titled: Applying the PCAOB’s Risk Assessment Standards to Smaller Public Entities
This course is designed primarily to teach practical ways to implement the PCAOB's risk assessment standards for smaller public entities. It includes models for documenting entity-wide controls, financial statement closing process, and routine processes for significant accounts to name a few. You will learn how to link the control risk and an appropriate response using examples of audit programs and control matrix templates with pre-populated "what can go wrong questions" for routine processes. In summary, the course presents a cost effective approach to auditing the smaller public entity.
This course offers you practical guidance on implementing the PCAOB's risk assessment standards, documenting entity-wide as well as process specific controls, and developing a cost effective audit plan for the smaller public entity.
Advanced Preparation: None