January 7, 2021 9:30am – 1:00pm Map & Directions 602-252-4144

Webcast: Complying With the Risk Assessment Standards When Auditing Privately-Owned Companies | 4204306C

Description




Auditors identify and assess the risks of material misstatement by understanding the entity and its environment. Privately-owned companies present unique challenges. We'll examine issues such as:
a) Do identifiable controls exist?
b) Do owners/managers promote compliance with company policies?
c) Do owners/managers document controls and communicate them to staff?
d) Are these controls observable? Can they be tested for operating effectiveness?
e) Do owners/managers monitor employee performance and evaluate the controls in place?


Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

9:00am

Fees

Member:
$160
Non-CPA Staff:
$210
Non-CPA Staff (100% club):
$160
Non-CPA Staff (sole proprietor):
$160
Non-Member:
$210
Webinar
Accounting & Auditing
4

Objectives




Please add objectives using the following verbs.
Recognize high risk areas applicable to private companies
Determine best approach to deal with private company shortcomings in control activities
Identify the appropriate risk assessment procedures in the circumstances

Course Level

Beginning

Vendor

CalCPA Education Foundation More With This Vendor

Designed For




CPAs

Prerequisites




None.

Highlights




Review of applicable auditing standards for risk assessment
Identification and discussion of high-risk audit areas
Discussion and analysis of control risk vs. inherent risk
Practical approach to auditing companies where controls are minimal or not adequately documented
Detailed discussion and examples of risk assessment procedures and alternative approaches

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