When the new risk-based audit standards came out, the profession somehow concluded that audit risk was a new concept. This resulted in most firms over implementing those new standards which added significant time to the audit with little or no perceived benefit. This session works to take the mystery out of the standards and offers suggestions for the practical application of these standards for improving the audit quality while being significantly more efficient.
Who Should AttendCPAs and auditors in public practice.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Auditing (2 hours)
Program PrerequisitesMust be familiar with the basics of audits.