Manuals

TITLE Auditing: Implementing the NEWLY Revised Risk Assessment Standards
SUBTITLE Do You Know the Revised Risk Standards ‘Do’s and Don’ts‘
AUDIENCE Every CPA/auditor/controller/CFO because every entity faces new risks every year
OBJECTIVE Learn the risks inside the standards and external to financial statements
LEARN

Learn the risks inside the standards…

  • How the revised Risk Standards differ from the existing Risk Standards
  • How to apply the revised Risk Standards in a turbulent audit environment
  • Learn the required changes to current audit requirements and practices
  • How you can be liable even if you comply
  • One simple audit procedure to protect yourself
  • Two major changes to traditional audits
  • Why you can’t rely on management
  • Materiality isn’t just the size of the number

Learn the external risks to the financial statements…

  • How immaterial amounts create material risk
  • How software puts the entity at risk
  • Management behaviors and actions that create risk
  • Learn how “maintaining the trend” creates risk
  • How compensation systems cause financial reporting risk
  • How dysfunctional decision systems cause risk
  • How operations create financial statement risk
  • Industry and economic risk
  • Disruptive technology risks
  • Credit and loan covenant risks
  • Directed donor agreement risk
  • Legal, regulatory and statutory risks
BONUS

Subscribe to Gary’s Risk Update newsletter

HOURS

8 hours (can be customized from 1 to 8 hours)

LEVEL

Advanced

ACRONYM

Risk2010

FOR

Auditors, clients, CFEs, controllers, CFOs

AREA

A&A

PREREQ

None

INSTRUCTOR

Gary D. Zeune

AVAILABLE

March 1, 2010

CUSTOM
Mix and match topics to customize presentations for in-house and conferences