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