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CPE Self-Study
Risk Assessment Deep Dive: How to Avoid Common Missteps
NASBA FIELD OF STUDY
Auditing
LEVEL
Intermediate
CPE CREDITS
Online: 3.5
Learn about the most pervasive issues the Peer Review team has uncovered and how to avoid them in your practice.

CPE On-Demand
AICPA’s online CPE courses will operate in a variety of configurations, but only the configuration described below is supported by our technicians.

A stable and continuous internet connection is required
In order to record your completion of the online learning courses, please ensure you are connected to the internet at all times while taking the course. It is your responsibility to validate that CPE certificate(s) are available within your My Account after successfully completing the course and/or exam. Please contact us at 1.888.777.7077 or service@aicpa.org with any questions or concerns related to your CPE certificate(s).

Supported Operating Systems:

  • Macintosh OS X 10.10 to present
  • Windows 7 to present

Supported Browsers:

  • Apple Safari
  • Google Chrome
  • Microsoft Internet Explorer
  • Mozilla Firefox

Required Browser Plug-ins:

Note: Your course will be accessible immediately after completing your purchase. Access instructions will be shown on the Order Confirmation Screen and included in your Order Confirmation Email, or click My Account at the top of the page, select My Purchases and then My Online Learning tab.

Technical Support: Please contact service@aicpa.org or use the Contact Us Form.

Product details

Stay compliant.

Who Will Benefit?

  • Financial statement auditors and those part of the audit team involved in risk assessment and testing.

Key Topics

Misconceptions that are leading to non-compliance with AU-C Sections 315 and 330 related to the following:

  • Understanding the entity and its environment, including internal control
  • Assessing the risks of material misstatement
  • Performing audit procedures in response to assessed risks

Learning Objectives

Identify common misconceptions that are leading to non-compliance with AU-C Sections 315 and 330, as relates to:

  • Identifying risks relevant to the financial statement audit
  • Assessing your client's risks of material misstatements at the relevant assertion level using professional judgment
  • Determining responses to identified and assessed risks by selecting or designing further procedures
  • Recognize how the requirements in the standards should be applied

At the core of every audit are the goals of identifying, assessing and responding to risks of material misstatement. Yet, common misconceptions can lead to non-compliance. In this course, you'll learn about the most pervasive issues the Peer Review team has uncovered that you will want to avoid in your practice.

Ratings and reviews
Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

Price:
$69.00
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Nonmember Quantity:
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Estimated total:
$69.00
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CREDIT INFO
CPE credits
Online
: 3.5
NASBA Field of Study
Auditing
Level
Intermediate
Prerequisites
Basic knowledge of risk assessment in financial statement audits.
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
RAEAQ
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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