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Gain a comprehensive review and understanding of the suite of risk assessment standards (SAS 104 - SAS 111) plus related standards SAS 102, 103, 112, 114 and 115. Delivered by Lynford Graham, former AICPA Auditing Standards Board member and chair of the AICPA Risk Assessment and Audit Sampling Audit Guide task forces, the course will emphasize the areas where practitioners and entities have had the most difficulty in implementation.
Through lecture, discussion, exercises and examples, learn about best practices that have enhanced the efficiency and effectiveness of implementing these standards for many firms. Gain an understanding of the tools and techniques that will facilitate your efficient compliance with the standards, including various techniques that can reduce costs for auditors and the audited entities and deliver better auditor-client interaction.
| Wednesday, November 11, 2009 |
| 8:30am - 4:30pm (Registration at 7:30am) |
| Hotel Nikko SF, San Francisco |
| San Francisco |
8.0 Accounting & Auditing
8.0 CPE (Continuing Professional Education)
8.0 Fraud |
Lynford Graham CPA, PhD, CFE
|
| Auditing |
| Group Live |
| Intermediate |
| $315 CalCPA Members, $415 Nonmembers |
| $0 |
| $0 |
Overview of the key requirements of the audit risk and related standards.
Learn practices that have been proven effective in implementing these standards.
Identify issues and problems that can arise in practice using exercises and case studies.
Distinguish between the auditing standards applicable to public and non-public companies.
What is “Reasonable Assurance?”
Determining materiality under SAS 107 (It is not a computation!)
Risk assessment techniques - how client business drivers should shape the audit. What do you need to document?
How do you spell COSO - What is it?
Assessing internal controls under the COSO Framework
Assessing control deficiencies under SAS 112
What is the Risk of Material Misstatement?
Driving further audit procedures using assertions and linkages
Audit Strategy and the Audit Risk Model
Audit Evidence-the clarified role of representations and inquiry
Aggregating the results of various audit procedures
Required client communications-SAS 112 and SAS 114
The importance of Audit Documentation
An update on the current ASB initiatives and projects - what is next?
CPAs responsible for auditing financial statements of non-public entities, internal auditors and financial executives who prepare financial statements and interact with auditors.
None
None. Your learning experience will be enhanced i you bring your copy of the AICPA Assessing and Responding to Audit Risk (2006 edition) Audit Guide.
