NAA2526. Documenting SAS No. 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 section 315, which were effective for audits ending on or after December 15, 2023, and should be incorporated into 2024 audits.

Learning Objectives:

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