Surgent's Implementing the New Risk Assessment Standard

Overview

The auditor’s responsibilities related to risk assessment have changed! This power-packed course will empower you with the working knowledge of SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, to successfully apply the standard.

Highlights

• The performance of risk assessment procedures to attain the knowledge needed to assess risk
• How the auditor identifies and assesses the risks of material misstatement
• The new “stand-back” requirements related to risk assessment

Prerequisites

Basic auditing experience

Designed For

All auditors

Objectives

• Understand and prepare for the 2023 calendar year-end implementation of SAS No. 145 on risk assessment and two highly-related SASs related to auditing accounting estimates and compliance auditing (i.e., SAS Nos. 143 and 148)
• Recognize the effects of SAS Nos. 144, 146, and 147, which are also on the short-term implementation horizon

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by Surgent. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.