Risk Assessment - The Foundation of an Audit

Course Details


Tuesday, October 26, 2021

8:30am – 10:30am

Field of Study

Auditing (Governmental)

Course Number


CPE Credit

2.0 hours CPE credit

Level of Knowledge



CPA Crossings




This course focuses on the AICPA audit quality challenges related to audit risk assessment including the risk assessment model and identifying, assessing and responding to audit risks. The session also provides an in-depth review of the audit risk assessment process, examples of potential risk areas and sample tailored responses. Key changes proposed by the AICPA Audit Standards Board project on risk assessment will be discussed.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.


The major topics that will be covered in this class include:

  • AICPA Audit Quality Initiative audit risk assessment findings and areas of focus
  • AICPA Audit Standards Board audit risk assessment project


After attending this presentation you will be able to...

  • Understand the risk assessment process
  • Provide specific examples and resources that firms can use to ensure compliance with important standards
  • Understand the risk assessment deficiencies commonly noted in connection with peer review
  • Ensure that audit work is tailored to the key audit risks and in compliance with the AICPA audit risk assessment standards

Designed For

CPAs in Public Practice

Registration for this course has passed.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

Non-Member Fee

Applicable if you are not a HSCPA member.

Your Price $109.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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