Risk Assessment and Planning Part II

This session is part 2 of 2 of working through the planning and risk assessment process for the fundamental track case. These sessions include consideration of SOC 1 reports and certifications for limited scope audits.

• Recognize necessary procedures to properly plan an employee benefit plan, through utilization of an example.
• Recall risk assessment standards and linkage to planned procedures based on risk evaluation by audit area at the assertion level, utilizing examples of documentation tools.
• Recognize when limited-scope audits are appropriate utilizing evaluation tool.
• Identify a SOC 1 report and recall its components' (i.e., user controls) impact on planned procedures and risk assessment by walking through a SOC 1 evaluation.