CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

Where Do They Go Wrong? – Using Risk Assessment to Improve Audit Effectiveness

4.5 (15)

Mark Dauberman, CPA

Mark Dauberman

Thursday, May 27, 2021 | 12:00 PM EDT

  • CRMA
  • CIA
  • CMA
  • CPA
  • CVA
  • IAP
  • QIAL

2 Credits


Subject Area

Auditing or Auditing(Governmental)

Webinar Qualifies For

2 CPE credit of Auditing for all CPAs

2 CPE credit for Certified Management Accountants (CMA)

2 CPE credit for Certified Internal Auditors (CIA)

2 CPE credit for Internal Audit Practitioner (IAP)

2 CPE credit for Certified Fraud Examiners (CFEs)

2 CPE credit for Certification in Risk Management Assurance (CRMA)

2 CPE credit for Qualification in Internal Audit Leadership (QIAL)

2 CPD credit (Verifiable) for CPA/CFF

2 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

employment law in a nutshell – guidance for your business


Jun 18, 2021 | 09:00 AM EDT View Details

irs tax practice & procedure introduction

Jun 18, 2021 | 09:30 AM EDT View Details

differences between ifrs and gaap


Jun 18, 2021 | 09:30 AM EDT View Details

addressing single audit quality in a covid-19 era

Jun 18, 2021 | 09:30 AM EDT View Details

advance irs learning: multiyear non-filing, criminal investigation, voluntary disclosure, whistleblower claims etc.


Jun 18, 2021 | 10:00 AM EDT View Details

tax strategies for real estate: crucial insights: acquisition and depreciation strategies


Jun 18, 2021 | 10:00 AM EDT View Details

keys to maintaining an effective and strong internal audit department


Jun 18, 2021 | 10:00 AM EDT View Details

best tax return workshop on s corporation (1120s) - latest


Jun 18, 2021 | 10:00 AM EDT View Details

are you creating legal liability when you hire or recruit online? - covid -19 special


Jun 18, 2021 | 10:00 AM EDT View Details

annual federal tax update - c & s corporations, partnerships & llcs (forms 1120, 1120s & 1065)

Jun 18, 2021 | 10:00 AM EDT View Details

yellow book boot camp - nfp and governmental accounting & auditing update


Jun 18, 2021 | 10:00 AM EDT View Details

partnership preparation, basis calculations & distributions–form 1065 schedule k & k-1 analysis

Jun 18, 2021 | 08:00 AM PDT View Details

comprehensive tax strategies & insights on real estate


Jun 18, 2021 | 08:00 AM PDT View Details

internal controls for businesses


Jun 18, 2021 | 08:00 AM PDT View Details

maximizing home office deduction (covid special - latest)


Jun 18, 2021 | 11:30 AM EDT View Details

This Course is Also Available in Self Study (On-Demand)

Click Here

Additional Dates

Jun 22, 2021 | 12:30 PM EDT Register

Course Description

All CPAs obtain and document an understanding of their audit clients’ systems of internal control over financial reporting.  Very few, however, use that information as a basis for reducing the amount of effort required to complete the engagement and improve the effectiveness of the engagement by directing the auditor’s focus to items representing a high risk of material misstatement. One reason for this is a lack of a systematic method for performing the assessment allowing the auditor to identify control deficiencies and evaluate them in relation to one another to determine which are of the highest priority. In addition, there is the concern that upon testing, controls will prove unreliable, causing the audit to require more, rather than less effort.

This continuing education course introduces an approach to obtaining and documenting an understanding that will both improve the audit, making it more effective, and will save the auditor time in the performance of the engagement. 

This online CPE webinar for CPAs and other professionals covered the following highlights: 

  • Providing tools that can be carried over into subsequent periods improving and simplifying the planning and performance.
  • Identifying effective means for assessing risk, allowing the auditor to identify the items representing the highest risk of material misstatement.
  • Cumulative top-down approach for planning and performing the audit as required by current standards.

Learning Objectives

  • To learn how to efficiently obtain and document an understanding of internal control
  • To identify potential control deficiencies through risk assessment
  • To evaluate deficiencies relative to one another to set audit priorities
  • To identify the order in which to perform audit procedures to benefit from the cumulative top-down approach
  • To develop audit programs eliminating the inefficiencies of commercial checklists

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Auditors
  • Certified Fraud Examiner
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Entrepreneurial Accountant
  • Forensic Auditor
  • Fraud & Forensic Auditor
  • Fraud Examiner
  • Fraud Investigator
  • Senior Accountant
  • Young CPA


    [no_of_record] => 15
    [average] => 4.5333