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Applying the Risk Assessment Standards: Case Study Approach for Smaller, Less Complex Entities

Author/Moderator: Richard H. Gesseck, CPA
Publisher: AICPA
Availability: In Stock
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Previously Titled: Applying the Risk Assessment Standards Using a Case Study Approach

Review audits of entities with limited personnel and accounting resources, non-complex operations and financing structures, and a governing body made up of an owner/manager or majority owner. Learn from examples and case studies demonstrating how the risk assessment standards may be practically implemented and documented. Gain clarity on issues frequently seen as complex, using cases to provide practical application solutions.

Topics Discussed

  • Documenting Nature of the Entity and Entity-Level Controls
  • Documenting Routine Processes
  • Documenting the Financial Statement Closing Process
  • Documenting Risks and Linking to the Audit Response
  • Documenting Required Communications

Learning Objectives:
This course prepares you to demonstrate compliance with the risk assessment standards effectively and efficiently. Learn to establish a documentation foundation for smaller, less complex entities that may be expanded to larger entities allowing you to focus the audit effort and gain better control of audit hours.

Prerequisite: Knowledge of the risk assessment standards or completion of AICPA’s course Auditor’s Risk Assessment Process: Tackling the Risk Assessment SASs

Advanced Preparation: None

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Videocourse Details

NASBA Field of Study: Auditing
Level: Intermediate
Recommended CPE Credit: 8
Applying the Risk Assessment Standards: Case Study Approach for Smaller, Less Complex Entities
Product# 753544
Availability: In Stock
AICPA Member:$165.00
Your Price:$206.25
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