NAA2526. Documenting SAS 145: Tips and Tricks

This session will identify ways to perform and document your risk assessment with a maximum of utility and a minimum of effort. Risk assessment discussions will include Materiality decisions, Inherent Risk, and Internal Controls (Control Risk). The session will also highlight the changes in requirements in AU-C 315 which were effective for audits ending on or after December 15, 2023 and should be incorporated into 2024 audits.

Learning Objectives:

• 1. Identify and explain new evidence-gathering and documentation requirements under AU-C 315.
• 2. Illustrate efficient and effective ways to gather evidence to support your required risk assessment.
• 3. Demonstrate efficient and effective documentation techniques for compliance with AU-C 315.