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Wednesday, November 13, 2019 Live

Risk-Based Audit Standards: Effective Utilization (E1911311)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

APA Hotel Woodbridge

120 Wood Avenue South
Iselin , NJ 08830

8 CPE Credits in AA

OVERVIEW

This program will review the requirements of risk-based auditing, address best practices when conducting planning and risk assessment procedures. Then, describe audit testing strategies including sampling and internal control testing and illustrate documentation examples that comply with the risk assessment standards. Additionally, this course will introduce, explain and outline how artificial intelligence (AI) can and already is, changing the audit process. Specifically, this course will examine how AI will change fundamental components of the risk-based audit process.

DESIGNED FOR

Audit practitioners having responsibility for planning and supervising audits, as well as other members of audit engagement teams involved with audits of non-public entities.

BENEFITS

Participants will be able to:
  • Apply the risk-based audit standards
  • Apply risk assessment audit procedures
  • Develop effective and efficient audit strategies for private entity audits
  • Select effective and efficient audit testing strategies
  • Determine when it might be more efficient to perform internal control testing
  • Differentiate and discuss the different kinds of AI currently in the marketplace
  • Identify how AI tools are already influencing and changing the audit and accounting profession
  • Be able to evaluate where to begin implementing AI in the audit and attest process
  • Discuss and articulate what firms are currently doing to implement AI within their organizations
  • HIGHLIGHTS

    • Definition of artificial intelligence
    • What AI means for business
    • Applications of AI already in client firms
    • Accounting implications of AI
    • Market examples and updates
    • Risk assessment process and procedures
    • Audit planning and strategy
    • Testing strategies

    COURSE LEVEL

    Intermediate

    PREREQUISITES

    Basic auditing course or equivalent experience.

    ADVANCE PREPARATION

    None

    ADDITIONAL NOTES

    • Qualifies for Yellow Book.

    Course materials are distributed electronically. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

    INSTRUCTOR

    Rebecca Lee

    Rebecca M. Lee, CPA, CGMA

    Kaplan Financial Education, Powered by Loscalzo

    Rebecca M. Lee, CPA, CGMA Rebecca Lee, licensed as a CPA in Alabama and South Carolina, is a founding Principal with Brooke, Freeman & Lee. She served in areas of the assurance, quality control, and compliance responsibilities for the audit practice. She has served on numerous AICPA and state society committees, including the AICPA Management Consulting Service Professional Practice Subcommittee, Small Business Consulting Practices Subcommittee, and Council of the AICPA. She has chaired both the Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of CPAs. Rebecca currently serves on the Illinois Society of CPAs Peer Review Committee, which serves multiple state societies of CPAs. Rebecca has served as professor of management accounting in the graduate studies (Master in Public and Private Management) program at Birmingham-Southern College. Rebecca holds a BS degree in accounting from Jacksonville State University, along with a master’s degree in Accounting from Birmingham Southern College. She is a member of the Alabama Society of CPAs, the South Carolina Association of CPAs, and the AICPA.

    PRICING

    $279.00 - Member

    $379.00 - Nonmember

    Pre-Registration Closed

    Online pre-registration for this event is now closed.

    ADDITIONAL OPTIONS

    Print a registration form

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