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TPR2306. Start Here...with Risk Assessments

Risk assessments have been a primary focus area for firms as well as peer reviewers. This session will discuss how "risk assessment" is a continual process through an engagement life cycle (from client acceptance to planning to evaluating the results). We will discuss how there are multiple forms/types of risk assessments.  We will also navigate through materiality considerations, including how to incorporate non-quantitative areas. 


Learning Objectives:

  • Identify the different types of risk assessments and their role within an engagement.
  • Identify materiality considerations when performing a risk assessment.
Date/Time
NASBA Field of Study
Auditing
Level
Intermediate
Prerequisites
N/A
Advanced Preparation
N/A