Overview

4.0 Credits
ONLINE

Examine SAS 145 Understanding the Entity and Its Environment and Assessing The Risks Of Material Misstatement. All private company auditors need to be prepared. Gain a comprehensive understanding of SAS 145 and its implications for your auditing practice. This course is for external auditors involved in private company, not-for-profit, and government audits.

 

Objectives

  • Explain why the risk assessment standard was changed
  • Learn the changes to risk assessment
  • Understand how the client’s technology impacts risk assessment
  • Walk through short case examples

Major Topics

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

 

Prerequisite

Basic understanding of auditing

Sessions

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Thursday, July 18, 2024

General Sessions
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