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):

• Lynford Graham, CPA, PhD, CFE, Visiting Professor, Lynford Graham, CPA