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 (17)

Mark Dauberman, CPA

Mark Dauberman

Tuesday, June 22, 2021 | 12:30 PM EDT

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

2 Credits

$20

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 Qualification in Internal Audit Leadership (QIAL)

2 CPE credit for Internal Audit Practitioner (IAP)

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

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

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

everything you need to know about partnerships

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Jul 26, 2021 | 09:00 AM EDT View Details

basis calculations & distributions for pass-thru entity owners schedule k-1 analysis (latest)

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Jul 26, 2021 | 09:00 AM EDT View Details

sox internal controls for inventory

Jul 26, 2021 | 09:30 AM EDT View Details

basic concepts of fixed asset accounting

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Jul 26, 2021 | 09:30 AM EDT View Details

quickbooks for desktop pc exploring the interface - for beginners

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Jul 26, 2021 | 10:00 AM EDT View Details

yellow book boot camp – introduction to nfp and governmental accounting & auditing

Jul 26, 2021 | 10:00 AM EDT View Details

excel accountant: intro to spreadsheets in-depth

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Jul 26, 2021 | 10:00 AM EDT View Details

2020 t2 - step-by-step guide preparing t2 return in profile

Jul 26, 2021 | 10:00 AM EDT View Details

workplace culture

Jul 26, 2021 | 10:00 AM EDT View Details

employment law – what will get you sued in 2021

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Jul 26, 2021 | 10:30 AM EDT View Details

ethics irs circular 230 - controversy side of circular 230

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Jul 26, 2021 | 10:30 AM EDT View Details

s-corp preparation, basis calculations & distributions – form 1120s schedule k & k-1 analysis

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Jul 26, 2021 | 11:00 AM EDT View Details

agile auditing

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Jul 26, 2021 | 11:00 AM EDT View Details

itemized deduction updates - with examples & case studies (basic overview)

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Jul 26, 2021 | 11:30 AM EDT View Details

excel’s data validation tools - keep out bad data from the start

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Jul 26, 2021 | 11:30 AM EDT View Details

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

Click Here

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
  • Auditors
  • Compliance Managers
  • Compliance Officers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Forensic Auditor
  • Fraud & Forensic Auditor
  • Risk Managers
  • Senior Accountant
  • Young CPA

Testimonial

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    [average] => 4.5294
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4.5

(17)
59%
35%
6%
0%
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