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ENGAGE 2020


NAA2017 - NAA2017. Audit Strategies for Better Efficiency


Jul 21, 2020 3:50pm ‐ Jul 21, 2020 4:40pm

Description

The session will be conducted by a former ASB member who led the development of and periodic updates to the AICPA Audit Sampling and Assessing and Responding to Audit Risk guides. The objectives of this session include:





  • Evaluating alternative strategies for achieving low audit risk
  • Evaluating the relative efficiency of various auditing techniques for gathering audit evidence.
  • Identifying some common prejudices, myths and miss-understandings related to various audit techniques.
  • Identifying common peer review and inspection comments related to audit strategy

Learning Objectives:
  • Illustrate how to achieve low audit risk via different audit approaches
  • Illustrate the relative audit efficiency of various audit techniques and ways to enhance efficiency and effectiveness
  • Learn why various common strategies are doomed to fail

Speaker(s):

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