Risk Assessment Under SAS No. 145 - Society of Louisiana Certified Public Accountants

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Overview

Overcome the challenges commonly faced when conducting risk assessment in conjunction with SAS No. 145.

Risk assessment under SAS No. 145

Overview of the steps to perform during risk assessment

Testing the design, implementation, and operating effectiveness of controls

New concepts due to the issuance of SAS No. 145

none

Practitioners who perform audit engagements

Recall why risk assessment is important.
Recognize the areas where practitioners may struggle.
Identify the major differences in risk assessment under SAS No. 145 and why they were incorporated by the Auditing Standards Board.
Recognize the practical impact to the risk assessment process and the work to be performed.