Description
Get familiar with SAS No. 145 (bold)
In October 2021, the AICPA Auditing Standards Board issued Statement on Auditing Standards (SAS) No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement.
SAS No. 145 does not fundamentally change the key concepts underpinning audit risk. Rather, it clarifies and enhances certain aspects of the identification and assessment of the risks of material misstatement to drive better risk assessments and, therefore, enhance your audit quality.
Hear from members of the Auditing Standards Board's risk assessment task force as they help you learn to navigate SAS No. 145 and examine new and updated concepts including:
Highlights
Objectives
- Recall why risk assessment is important.
- Recognize the areas where practitioners may struggle.
- Identify the major differences in risk assessment under SAS No. 145 and why they were incorporated by the Auditing Standards Board.
- Recognize the practical impact to the risk assessment process and the work to be performed.
Designed For
Course Pricing
WYOCPA Member Fee
$118.00
Non-Member Fee
$142.00
Your Price
$142.00
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