Risk Assessment 2.0: Implementing SAS 145
Description: This course addresses the requirements of SAS 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, adopted by the Auditing Standards Board in October 2021. The new requirements of the SAS, as well as its explanatory guidance and new terminology, are presented.
Topics covered include:
Experience/Prerequisites: Minimum to advanced level.
Who should attend: Partners and managers responsible for planning and supervision of engagements, as well as persons conducting those engagements.
Recommended CPE credit: 8 hours
Acronym: RA2
- An overview of the revised standard
- Audit risk conceptually
- Understanding the Entity and Its Environment and
- Assessing the Risks of Material Misstatement - the Revised AU-C315
- Other AU-C section Significant Revisions
- Where do We Begin?