Attest Engagements and Quality Risk Assessments (Completed)

Engagement risks can be defined as one of the most important risks that need to be considered when it comes to designing audit processes and procedures for the engagement parties. Engagement risk is defined as the overall risk that is associated with an audit engagement process. Engagement risk important in an audit to prevent audit failures and audit mistakes. This session explores the types of risk assessments and their potential impact on the audit.

Who Should Attend
Any professional accountant who may be involved with an external audit, an internal audit, a review engagement, or attestation engagement.

Topics Covered

• Audit risks
• Types of audit risks
• Types of engagements where audit risk analysis is critical
• Types of audit risks and their impact

Learning Objectives

• To recognize the importance of analyzing engagement risks correctly
• To recognize the types of engagement risks
• To understand better how to perform a risk assessment analysis

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
Basic understanding of auditing standards

Advance Preparation
None