Cultural Transformation

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

• Identify new requirements related to audit reporting and required by-product communications
• Recall core concepts fundamental to obtaining sufficient and appropriate audit evidence in compliance with recently-issued auditing standards
• Recognize recent clarifications and enhancements made to improve the quality of the risk-based audit process
• Recall significant new requirements through SAS 149

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

• Enterprise-wide risk management best practices for identifying, evaluating, and determining how to respond to relevant risks.
• The importance of risk and uncertainty disclosures in the preparation and fair presentation of financial statements, including evolving risks with cybersecurity and ESG.
• Coordinating risk management efforts, including the required involvement of corporate governance.
• How to embed risk management into day-to-day accounting and finance activities.