The Financial Statement Audits for New Auditors series of courses is focused on assisting new staff moving into an audit practice of nonissuers (i.e., any entity not subject to the provisions of the Sarbanes-Oxley Act of 2002). This course focuses on the risk assessment process including discussion of assertions, assessing risk of material misstatement, materiality and anti-fraud procedures. More specifically, upon completion, you will be able to: State and explain audit assertions; Define Risk of Material Misstatement (RMM); Calculate RMM, Explain how inherent risk and control risk combined into RMM impacts the audit procedures to perform; Explain the types of materiality and how each is used in an audit