Webinar: How to Get a Better Return on Financial Statement Audits - Avoiding the Most Misapplied Risk-Based Audit Concepts
WB263 | Course | Intermediate | Scheduled
Description
By far, the biggest contributing factor that leads to a profitable, yet high quality, financial statement audit is the proper identification, evaluati
Credits
| Number of Credits | Type of Credits |
|---|---|
| 8.00 | Auditing |
Designed For
Any financial statement auditor who wishes to learn how to be more effective and efficient on engagements
Prerequisites
None
Highlights
Properly assessing inherent, control, and fraud risk on an engagement, and linking the results to an appropriately tailored detailed audit plan based on risk assessment and client service goals, regardless of entity type (for-profit, nonprofit, governmental)
Leveraging strong substantive analytic procedures as audit evidence to cut back on tests of details
The most common efficiency opportunities for tailoring your audit approach based on risk
How to use the workpaper review process as a tool for producing a more effective and efficient engagement
Using audit documentation to enhance audit quality, while ensuring every workpaper has a purpose
How to use the client to your advantage in planning and performing the audit
Learn how to get the engagement out the door - on time and on budget!
Objectives
Recognize how the nature, timing, and extent of planned audit procedures can (and should) vary commensurate with assessed risk of material misstatement
Recall how workpaper review is a critical tool for promoting audit effectiveness and efficiency
List tips for strengthening the design, documentation and evaluation of substantive analytic procedures
Explain the impact that strong client and engagement management can have on improving profitability
Preparation
Experience in basic audits
Notes
This webcast is provided by ACPEN. After registering for the course, you will receive an email from ACPEN with instructions for logging in to the webcast and obtaining your eMaterials.
Prices
- Member (Early Bird)
- $225.00
- Non-Member (Early Bird)
- $275.00
- Member
- $225.00
- Non-Member
- $275.00