Risk-based factors are becoming exponentially important considerations for accountants in both public practice and industry. We examine the nature of risks for today's enterprises while exploring the role of internal controls for mitigating business risks. We also explore SAS 145 and other guidance aimed at risk considerations for professional engagements. Public and private accountants will enhance their capabilities for assessing and addressing risks faced by today's organizations. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Identify ways that risks influence the professional ecosystem
- Use professional guidance to make risk-based decisions
- Determine novel risks created by fraudulent behaviors
- Apply analytical procedures to expose risks
- Identify risk-related considerations associated with financial reporting
- Formulate strategies for reducing the consequences of identified risks
Major Topics
The major topics that will be covered in this course include:
- Risk is the common thread in an evolving landscape
- Risk assessment
- Responding to assessed risks
- Auditing standards
- Other insights from AICPA guidance
- Fraud considerations
- The role of analytics
- Financial reporting considerations
- Risk mitigation
