Objective
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Understand and prepare for the 2023 calendar year-end implementation of SAS No. 145 on risk assessment and two highly-related SASs related to auditing accounting estimates and compliance auditing (i.e., SAS Nos. 143 and 148)
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Recognize the effects of SAS Nos. 144, 146, and 147, which are also on the short-term implementation horizon
Highlights
- The performance of risk assessment procedures to attain the knowledge needed to assess risk
- How the auditor identifies and assesses the risks of material misstatement
- The new “stand-back” requirements related to risk assessment
Designed For
All auditorsPrerequisite
Basic auditing experienceAdvanced Preparation
None