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The Audit Risk Model—Understanding Foundational Principles

Online

# of CPE Credits

2

Description

Please note: This course will expire on Wednesday, April 30, 2025 at 11:59 pm ET. Please complete the course AND submit credit before the deadline. 
For licensing purposes, all CPE applies to the calendar year in which a course was taken and completed.
Save a copy of your Certificate of Completion for your records. Once submitted, your CPE hours will also reflect in your official CPE transcript.
 
Financial statement auditors are engaged to provide reasonable assurance that financial statements are not materially misstated, whether due to fraud or error. Professional standards require auditors to obtain sufficient and appropriate evidence to support that opinion. It is critical for effective and efficient auditors to have a clear understanding of all the important elements and concepts related to properly identifying, evaluating, and deciding how to respond to risk in a financial statement audit.

Event Level: Basic
Who Should Attend: Anyone who performs audit or other attest services
Required Knowledge: None
Advanced Preparation: None
Vendor: Emergent Group, LLC
Speaker: Louis, Jennifer

Objective

* Recall the basis for an audit * Explain the auditor’s professional responsibilities * Identify important audit concepts, such as materiality * Explain the foundational principles of the audit risk formula * Recognize considerations when identifying and assessing risk of material misstatement

Credit Types

  • Auditing: 2

Event Speaker(s)

Jennifer Louis

Event Level:Basic
Event Code:OD011124
Event Vendor:Emergent Solutions Group, LLC
Fields of Study:Auditing
Tags:New Course, 2 hour
Other fields:
  • Yellowbook

Registration Fees

RegistrationTypePrice
On Demand (2 hours)Members$100.00
On Demand (2 hours)Non Members$225.00


CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.