Performing Audit Tests of Balances (In-Person and Remotely)—Part 1, Planning Audit Strategies
Date: 1/03/2025
Time: 12:00 PM - 2:00 PM EST
CPE Credit: 2 hours
These materials provide a foundation for the remaining 11 chapters in this “How to Perform Auditing Procedures” series. Illustrative practice aids accompany this material that will enable auditors to apply the concepts in this material to engagements. The contents of these practical aids will be utilized in the discussions in following chapters.
Topics Covered
- The impact of risk assessment procedures on the design and performance of other substantive procedures
Learning Objectives:
- Understand fundamental concepts of the audit process
- Understand the impact of risk assessment procedures on audit strategies
- Learn how to design cost-beneficial evidence mixes
- Be able to effectively link assessed risks of material misstatements to substantive procedures
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