Description

A focused planning process, including a pointed audit risk assessment, is key to creating results that compel action! The ultimate impact of your audit report often depends on how you start out. By asking a series of specific questions regarding risk and user needs, you can shape your audit project into something interesting and valuable. In this seminar, we will work together to develop a solid audit plan that will result in an audit report you can be proud of. This course will be customized to fit your audit shop - whether you are an internal or external auditor. We will refer to GAO, IIA, or AICPA standards as applicable to your audit team.

Learning Objectives:

• Perform an audit risk assessment
• Choose a compelling and productive audit subject by asking specific questions
• Refine the objectives and sub-objectives so that your team can envision related testing and report conclusions
• Document your audit risk assessment and keep it up-to-date throughout the audit
• Design your audit report conclusions and findings at the end of planning
• Build the elements of a finding as you perform the audit risk assessment
• Apply the latest version of the COSO model to the control risk assessment
• Identify common inherent risks and document risk rationales
• Choose strong, convincing audit methodologies

Program Knowledge Level: Intermediate NASBA Field of Study: Auditing (Governmental) Formal Learning Program Type: Group, Self Study Learning Format: Webinar or In-Person Who Should Attend: Auditors who plan audit engagements Prerequisites: More than two years of audit experience Advance Preparation: None Recommended CPE Credit: 8+ Hours Instructor: Leita Hart-Fanta, CPA Questions? You can find our FAQ here.