Applying The Risk Assessment Standards

2 Credits: Auditing


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Applying The Risk Assessment Standards

Course Level
CPE Credits

2 Credits: Auditing

Course Description

This course takes an in-depth exploration of the information gathering process and documentation of the Risk of Material Misstatement that is required under Generally Accepted Auditing Standards (GAAS). The linkage of the Risk of Material Misstatement to the generation of the audit program is also discussed.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify the risk assessment process as defined by GAAS
  • Cite the process of understanding the entity and its environment
  • Identify the key elements of properly documenting the internal control of the entity
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Course Specifics

Course ID
Revision Date
March 15, 2020


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Kurt Oestriecher Headshot

Kurt Oestriecher is the partner in charge of accounting and auditing services with Oestriecher & Company of Alexandria, Louisiana and has been with the firm since graduating from Northeast Louisiana University in 1986. Kurt is a member of the American Institute of Certified Public Accountants (AICPA) and the Society of Louisiana Certified Public Accountants (LCPA). He has held multiple positions within each organization, including President of the LCPA (2002–2003). He currently serves as the chair of the LCAP Professional Ethics Committee and as a member of Council of the AICPA. Kurt Oestriecher is the recipient of three Outstanding Discussion Leader …

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