Introducing the New Risk Assessment Standard FLEXCAST
Available Until
Your Desk
1.0 Credits
Member Price $49.00
Non-Member Price $56.00
Overview
With the Auditing Standards Board’s recent major updates to risk assessment, a critical area in auditing, professionals face the impending challenge of adapting to these changes, which are soon to become a primary focus in peer reviews. This course, led by Jeff Sailor with his unique and engaging presentation style, tackles this imminent transition. It agitates the urgency and complexity of understanding and implementing the new risk assessment requirements, particularly the emphasis on proper documentation. As a solution, the course offers a comprehensive exploration of the updated standards, ensuring participants are fully equipped for the upcoming changes. Jeff’s signature video parodies, incorporated into the course, not only make learning more enjoyable but also reinforce the material effectively. This course is a must for auditors seeking to stay ahead in their field, ensuring readiness for the new risk assessment requirements and potential peer review scrutiny.
Highlights
Understanding the entity and its environment and the applicable financial reporting framework. Understanding the components of the entity’s system of internal control. Considerations for understanding it. Identifying and assessing the risks of material misstatement
Prerequisites
None.
Designed For
CPAs, controllers, accountants, financing professionals, business owners, and managers
Objectives
Identify the new focus areas for risk assessment in an audit. Apply the standards for preparing proper documentation. Describe the potential peer review issues.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Jeff Sailor, Western CPE
Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software.
Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights with humor in high-energy presentations. He’s also adept at presenting complex topics in a very practical, easy-to-understand manner, thus earning him rave reviews for more than 20 years. Jeff currently presents seminars, webcasts, and in-house instruction for Western CPE. He’s also a featured speaker at national conferences as well as at state and regional meetings.
For more than 10 years, Jeff has served as an AICPA peer reviewer, focusing on small firms and sole practitioners. He also served on the Resource Committee for the Private Company Financial Reporting Committee (PCFRC). Jeff has spoken at two NASBA national conferences on how to make education more engaging for practitioners.
Non-Member Price $56.00
Member Price $49.00