Audit Planning and Risk Assessment

In this seminar, you will learn how to set clear objectives after scoping out the issues and conducting a simple risk assessment. You will also learn how to create rock solid audit programs from scratch that help ensure that your team does not over- or under-audit.

The Risk Assessment SASs and the GAO performance audit standards ask us to design our audits intentionally; canned audit programs are discouraged. Vague audit objectives and canned audit programs produce uneven results and cause audit teams to waste precious audit time. 

Objectives:

• Discern which risk assessment models and documentation methods can help you comply with the standards
• Set clear objectives and subobjectives
• Create actionable audit program steps to minimize fieldwork
• Describe the steps of planning an audit
• Breakdown a broad audit subject
• Use the concept of stop-and-go auditing to get the most bang for your buck
• Design robust methodologies

Who should attend: Every auditor that has a sneaking suspicion that using canned audit programs may cause them to miss the boat or over-audit.  Auditors seeking to comply with the new suite of Risk Assessment SASs.

Program level: Intermediate

Prerequisites: More than one year of audit experience

Delivery method: Group live

Recommended CPE credit: 8 hours