myCPE

Risk Assessment Redefined: CAS 315 (Revised) Essentials 3 Credits 3.5 Credits

Feb 19, 2025, 12:00 PM ET

Risk Assessment Redefined: CAS 315 (Revised) Essentials 3 Credits 3.5 Credits

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Feb 19, 2025, 12:00 PM ET

Learning Objectives

  • Discuss key aspects of CAS 315 (Revised) risk assessment methodology.
  • Identify common implementation challenges and practical solutions for practitioners.
  • Analyze and apply critical forms in the planning process.
  • Improve file documentation supporting your risk assessment and compliance.
  • Enhance understanding of entity-level controls and IT environment assessments.

Course Overview

The landscape of risk assessment has undergone a significant transformation with the introduction of CAS 315 (Revised).

The course will briefly review critical aspects of the CAS 315 (Revised), Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment standard risk assessment methodology. It will also discuss areas where practitioners have struggled with implementing the standard based on our experience working with firms.

This CPD Course will also examine key CAS 315 (Revised) forms and where issues have arisen during our monitoring reviews or experience with practice inspections under the revised risk assessment methodology. The Course should help practitioners better understand what aspects of the standard they address, the linkages between the forms, and how to improve the file documentation supporting your risk assessment.

Key topics covered:

  • Understanding the IT environment
  • Risk register – Identifying and assessing risks of material misstatement
  • Entity level controls
  • Understanding information systems and communication
  • Control activities, evaluating design, and determining implementation
  • Engagement scoping – classes of transactions, account balances, and disclosures

Join this CPD Webinar and enhance your risk assessment skills and ensure compliance with the latest CAS 315 (Revised) standards through practical insights and real-world examples.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Auditing for CPA in Canada 3 CPD Eligible
Certified Internal Auditors (CIA) 3 CPE Eligible
Auditing for Certified Management Accountants (CMA) 3 CPE Eligible
Auditing for Certified Fraud Examiner (CFE) 3 CPE Eligible
Auditing for Internal Audit Practitioner (IAP) 3 CPE Eligible
Audit Risk for Certification in Risk Management Assurance (CRMA) 3 CPE Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 3 CPE Eligible
Auditing for Certified Government Auditing Professional (CGAP) 3 CPE Eligible
License details Credits Status
Auditing for CPA in Canada 3.5 CPD Eligible
Internal Auditing for Certified Internal Auditors (CIA) 3.5 CPE Eligible
Auditing for Certified Management Accountants (CMA) 3.5 CPE Eligible
Auditing for Certified Fraud Examiner (CFE) 3.5 CPE Eligible
Auditing for Internal Audit Practitioner (IAP) 3.5 CPE Eligible
Audit Risk for Certification in Risk Management Assurance (CRMA) 3.5 CPE Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 3.5 CPE Eligible
Auditing for Certified Government Auditing Professional (CGAP) 3.5 CPE Eligible

Additional Information

Credits

3

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

At MY-CPE, we provide top-tier CPA CPD courses tailored for CPA Canada professionals. Earn your CPD credits in Canada with our flexible and convenient online courses. Our expert-led CPA Canada CPD courses ensure you stay compliant and enhance your professional skills. Whether you need specific CPA CPD credits or comprehensive professional development, MY-CPE has you covered. Join us today to access high-quality education designed to meet your CPD requirements efficiently.

About Instructor

AJAG

AJAG Professional Development

, AJAG Professional Development

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AJAG offers a comprehensive selection of professional development courses in Tax, Accounting, Assurance, Ethics and more - all designed to keep CPAs informed and up to date. We strive to deliver the highest quality, most relevant and accessible continuing education content for CPAs in Canada. Our instructors are some of the most well-respected presenters in their field and present their own course material - covering a wide range of relevant, timely topics.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent (59%)

Very Good (33%)

Average (7%)

Poor

Terrible

SL

Shuang Liang, CPA in Canada

5

In depth walk-through of risk assessment WPs. Very practical.

TA

Tracy Anderson, CIA

5

Great class

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