CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Webcast

The Audit Risk Model

2 Credits: Auditing

$98.00

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The Audit Risk Model

Format
Webcast
Course Level
Basic
CPE Credits

2 Credits: Auditing

Course Description

Financial statement auditors are engaged to provide reasonable assurance that financial statements are not materially misstated, whether due to fraud or error. Professional standards require auditors to obtain sufficient and appropriate evidence to support that opinion. It is critical for effective and efficient auditors to have a clear understanding of all the important elements and concepts related to properly identifying, evaluating, and deciding how to respond to risk in a financial statement audit.

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Learning Objectives

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

  • Recall the basis for an audit;
  • Explain the auditor’s professional responsibilities;
  • Identify important audit concepts, such as materiality;
  • Explain the foundational principles of the audit risk formula; and
  • Recognize considerations when Identifying and assessing risk of material misstatement.
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Course Specifics

Course ID
WC1924378822
Revision Date
March 18, 2024
Prerequisites

None

Advanced Preparation

None

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

Jennifer F. Louis, CPA has over 25 years experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success.  In 2003 she founded Emergent Solutions Group, which is dedicated to meeting organization’s professional training needs on a project or part-time basis.  Jennifer serves a wide variety of clients, including public accounting firms, state CPA societies, private industry corporations, and public sector agencies.Previously Jennifer served as the Director of Audit Product Development at Surgent Professional Education for three years.  Prior to that, Jennifer was Executive Vice President/Director of …