Audit Risk Assessment and Planning: Live & Customized

A focused planning process, including a pointed audit risk assessment, is key to creating results that compel action!  The ultimate impact of your audit report often depends on how you start out.

By asking a series of specific questions regarding risk and user needs, you can shape your audit project into something interesting and valuable. In this seminar we will work together to develop a solid audit plan that will result in an audit report you can be proud of.

This course will be customized to fit your audit shop – whether you are an internal or external auditor.  We will refer to GAO, IIA, or AICPA standards as applicable to your audit team.

Course objectives include:

• Perform an audit risk assessment
• Choose a compelling and productive audit subject by asking specific questions
• Refine the objectives and sub-objectives so that your team can envision related testing and report conclusions
• Document your audit risk assessment and keep it up-to-date throughout the audit
• Design your audit report conclusions and findings at the end of planning
• Build the elements of a finding as you perform the audit risk assessment
• Apply the latest version of the COSO model to the control risk assessment
• Identify common inherent risks and document risk rationales
• Choose strong, convincing audit methodologies

Program level: Intermediate
Instructional method: Group live instruction
Prerequisites: More than two years of audit experience
Who should attend: Auditors who plan audit engagements
Recommended CPE credit: 8+ hours

Questions? You can find our FAQ here.