Risk Assessment for Small Business Audits
Wednesday, April 16, 2025
11 a.m.-1 p.m. Central
2 CPE (2 technical)
Course code: 25WX-0214
View pricing
Online registration is not available due to server maintenance.
Please call 952-831-2707 between 7:30 a.m. and 4:30 p.m. Central to register.
Auditing standards require auditors to assess risk-including controls-and use that assessment as a foundation for performing the audit. Risk assessment is not just a technical GAAS requirement, it has a direct impact on realization. Audit teams that perform a thorough risk assessment are more likely to have high realization engagements than those who go through the motions. This course is designed for small business audit teams. It addresses the risk assessment procedures and responsibilities for each team member and how they fit together to create more effective and efficient audits. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Major subjects
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Each element of the risk assessment process:
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Understanding the client's business and industry in which it operates
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Internal control
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Assessing the magnitude and likelihood of risk
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Linking risk assessment to substantive audit procedures
Learning objectives
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Identify characteristics of the client's business and industry that are most relevant for assessing audit risk
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Identify the client's key controls and assess their ability to mitigate risk
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Link the elements of the risk assessment model to an overall assessment of risk and the design of further audit procedures.
Who should take this program?
- Individual auditors and audit teams who wish to improve the effectiveness and efficiency of their engagements. Audit firms that have identified weaknesses in their audit risk assessment process.
Pricing
|
Standard Member Fee |
$89.00
|
 Standard Nonmember Fee |
$89.00
|
Our records indicate
you are a
nonmember.
If you register, you will be charged
$89.00
(Standard Nonmember Fee).
Members: Please
log in
to receive member fee.
Online registration is not available due to server maintenance.
Please call 952-831-2707 between 7:30 a.m. and 4:30 p.m. Central to register.
Location
Online
Area
of study
Accounting & audit
Field(s)
of study
Auditing - Technical (2.0)
Level
Intermediate
Format
Group Internet Based
Sponsor
NASBA ID#: 108744
Prerequisites
Prereq.
Basic understanding of the audit risk model.
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business
days before the event start date.
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