Risk Assessment and Introduction to Internal Control

Authored by Joanne Flood, CPA-MBA
About this Course
The Risk Assessment Standards require the auditor to understand and respond to risks of material misstatement, whether due to errors or fraud. In reaching that understanding, auditors should identify risks to the entity's business and the controls in place to mitigate them. This course emphasizes the key requirements of the standards. It also provides an overview of the risk assessment process your overall audit response to assessed audit risk, and further audit procedures in response to those risks.
Learning Objectives
  • Understand the key steps involved in assessing and responding to risk in a financial statement audit
  • Apply a working knowledge of key definitions and concepts necessary to implement the risk assessment standards
Key Topics
  • Overview of Risk Assessment Standards
  • Steps to assess risk and procedures designed to respond to risk
  • Identifying controls related to risk assessment
Who will it benefit?
New Staff covers key areas to ensure auditors are well prepared to begin their careers. The Audit Staff Essentials Level I courses establish a strong set of core skills necessary for junior staff growth.
$ 85.00
AICPA Member Price: $ 69.00
Add To Cart
NASBA Field of Study
CPE Credits
Delivery Method
QAS Self-Study
Advance Preparation
Last Updated