DESCRIPTION

This engagement course offers the opportunity for auditors of all levels of experience to take a fresh look at the value of risk-based auditing and its impact on Audit quality and efficiency. The content and length of this course can be tailored to the specific needs and goals of your Audit team. For example, the agenda could be designed to increase focus on areas of higher need for your team or expanded to dive more deeply into topics such as disaggregated risk assessment, using data analytics in planning, performing effective journal entry testing, or designing substantive procedures using automated tools and techniques.

LEARNING OBJECTIVES

• Summarize key concepts in risk-based auditing
• Describe the value of adherence to the risk assessment standards as it relates to Audit quality and efficiency
• Describe the most significant areas of opportunities for increasing Audit quality and efficiency on your own engagements
• Apply key concepts in risk-based auditing to your own engagements to increase Audit efficiency and effectiveness

Prerequisites

None

Advanced Preparation

None

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