Identify the challenges of risk assessment (bold)
In today’s environment, you need to prepare to handle the new and heightened risks of performing an audit. Compliance is key. Understand how to perform high-quality audit engagements by appropriately identifying and responding to the risks of material misstatement.
In this webcast, you’ll learn to recognize common, reoccurring challenges — many identified through the peer review process — and learn how to avoid or overcome them.
•Recognize the importance of Understanding the risk Model and risk assessment process to perform a quality audit in accordance with the standards
*Misconceptions leading to noncompliance with AU-C sections 315 and 330
Practitioners who perform audit engagements