Auditing  |  Format: Flash

PCAOB's Risk-Based Audit Approach

Course Overview
This course describes the Public Company Accounting Oversight Board's (PCAOB) Risk Assessment Auditing Standards used in its risk-based audit approach. These standards are organized in the following audit sections:

  • AS 1101 - Audit Risk
  • AS 1105 - Audit Evidence
  • AS 2101 - Audit Planning
  • AS 2105 - Consideration of Materiality in Planning and Performing the Audit
  • AS 2110 - Identifying and Assessing Risk of Material Misstatement
  • AS 2301 - The Auditor's Responses to the Risks of Material Misstatement
  • AS 2810 - Evaluating Audit Results

    Learning Objectives
    Upon successful completion of this segment, you should be able to:

  • Identify the purpose and use of the risk-based audit approach when conducting effective audits
  • Identify and assess the risks of material misstatement, due to error or fraud
  • Recognize why understanding the entity and its environment, including the entity's internal control, is essential to the performance of an effective audit
  • Develop a basis for designing and implementing responses to the assessed risks of material misstatement
  • Design and perform audit procedures to obtain sufficient appropriate audit evidence leading to the audit opinion

       
    Catalog Number: 99FLE50-tx
    CPE Credits: 1 Registry / 1 QAS
    Author: John M. Fleming, CPA, MBA
    Prerequisites/
    Advanced Preparation:
    Basic knowledge of auditing
    Course Level: Basic
    Field of Study: Auditing
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Windows or Mac OS
    Release/Expiration Dates: May 31, 2019 / May 31, 2021

     

     

     

     

     

     

  • http://education.smartpros.com/includes/cpe/coursedetail.asp?CPECatalogID=30107&CourseID=18594