NAA2333. SAS 145 Deeper Dive

Controls, controls, controls! Which ones are important and why? This session will look at the revised control-related requirements in SAS No. 145, _Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement. _During this session, we will take a deeper dive into understanding specific controls, including IT general controls, for less complex entities.

Learning Objectives:

• Identify risk assessment procedures related to the various components of the entity’s system of internal control
• Recall when and how to evaluate design and determine the implementation of controls
• Recognize risk assessment requirements to appropriately identify risks arising from the use of information technology (IT) and related general IT controls