NAA2331. SAS 145 Introduction

Do you think risk assessment is complex? This interactive session will demystify how to tackle the identification and assessment of risks of material misstatement in an audit, with a focus on understanding and scaling key risk assessment concepts in audits of financial statements of less complex entities.

Learning Objectives:

• Recognize key risk assessment concepts in applying SAS No. 145 in identifying and assessing risks of material misstatement
• Recall how to scale risk assessment requirements to be effective and efficient, particularly for less complex entities
• Identify potential risk assessment and related audit documentation pitfalls