Description

Risk-based factors are becoming exponentially important considerations for accountants in both public practice and industry. We examine the nature of risks for today's enterprises while exploring the role of internal controls for mitigating business risks. We also explore SAS 145 and other guidance aimed at risk considerations for professional engagements. Public and private accountants will enhance their capabilities for assessing and addressing risks faced by today's organizations.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Instructor: Dr. Christopher J. Harper, CPA, MBA

Target Audience

Accountants in public practice and industry who need to identify, evaluate, and respond to risks encountered in business and professional circumstances.

Course Objectives

After attending this presentation, you will be able to...Identify ways that risks influence the professional ecosystemUse professional guidance to make risk-based decisionsDetermine novel risks created by fraudulent behaviorsApply analytical procedures to expose risksIdentify risk-related considerations associated with financial reportingFormulate strategies for reducing the consequences of identified risks

Subjects

The major topics that will be covered in this course include:Risk is the common thread in an evolving landscapeRisk assessmentResponding to assessed risksAuditing standardsOther insights from AICPA guidanceFraud considerationsThe role of analyticsFinancial reporting considerationsRisk mitigation

Prerequisites

Basic working knowledge of accounting procedures.