Audit Risk Assessment in Plain English
Overview
Audit Risk Assessment in Plain English, is a 2 hour webcast highlighting the AICPA’s clarified risk assessment standards, along with a new Statement on Auditing Standard (SAS 145) related to understanding the entity, the entity’s environment, the entity’s internal controls, and assessing the risks of material misstatement. This session will attempt to simplify the requirements using common sense examples and language.
Highlights
- Overview of Audit Risk Assessment
- AICPA's clarified Risk Assessment Standards
- SAS 145
- Assessing the Entity's Environment
Prerequisites
None
Designed For
Industry and Public Accountants
Objectives
- Understand the AICPA's clarified risk assessment standards and their importance in the auditing process.
- Familiarize oneself with the key components of the new Statement on Auditing Standard (SAS 145) related to understanding the entity, the entity's environment, the entity's internal controls, and assessing the risks of material misstatement.
- Develop an understanding of the relationship between audit risk assessment and the overall audit strategy.
Preparation
None
Notice
This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Accounting Continuing Professional Education Network (ACPEN).
Leader(s):
Leader Bios
Frank Crawford, Crawford & Associates PC
Frank is the majority shareholder and President of Crawford & Associates and he specializes in providing accounting and consulting services solely in the area of governmental accounting and financial management. Mr. Crawford is past Chair of the AICPA Government Expert Panel, the current and long-time chair of the Oklahoma Society of CPAs Government Accounting and Auditing Committee, and has also been involved in a number of other AICPA committees and task forces as they relate to governmental accounting and auditing, including the AICPA Governmental Accounting and Auditing Committee, the AICPA Government and Not-For-Profit Expert Panel, the AICPA Government Performance and Accountability Committee, and the AICPA GASB 34 Audit Guide Revision Task Force. Mr. Crawford has also served as the Chairman of the AICPA National Governmental Accounting and Conference Planning Task Force, and Chairman of the Planning Committee of the AICPA’s Government and Not-For-Profit Training Conference. Over the years, Mr. Crawford has assisted both the AICPA and GASB in the development of several implementation guides as a member of an advisory group, task force or technical content provider. His experience with GASB 34 implementation and audit issues dates back to June 30, 1999, as auditor of the first general-purpose government in the United States to implement the requirements of GASB 34. Mr. Crawford is also currently working with many of the U.S. territories, commonwealths and freely-associated states on audit finding resolution and financial analysis projects and serves as a technical consultant and advisor to a number of Federal Government Agencies. Frank is a highly sought after lecturer, trainer and discussion leader for numerous groups, including U.S. Federal Government Agencies, various local and national CPA firms, a number of State Societies, and has appeared in several AICPA continuing professional education videos and live satellite CPE broadcasts and Webcasts related to governmental accounting and auditing.
Non-Member Price $109.00
Member Price $79.00