0      0


NAA1924 - Risk Assessment Standards

Jun 11, 2019 3:45pm ‐ Jun 11, 2019 5:00pm

Standard: $49.00


Are you starting your audit off on the right foot? At the core of every audit are the goals of identifying, assessing and responding to risks of material misstatement. However, more than a decade after the Risk Assessment Standards were issued, the AICPA Peer Review team has found that more than half of all firms fail to comply with AU-C Section 315 or 330. In this session, you'll learn about the most pervasive issues the Peer Review team has uncovered and how to avoid them in your practice.

Learning objectives:

  1. Identify the most commonly misapplied requirements of AU-C Sections 315 and 330.
  2. Understand the intent of the Standards and how the requirements should be interpreted.
  3. Discuss practical application of the Standards in audits of small to medium-sized entities.
  4. Access helpful resources to support quality performance.


Tags: NAA Yellowbook

You must be logged in and own this session in order to post comments.