Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course provides an overview of the updated risk assessment framework under SAS No. 145, focusing on how auditors understand an entity and its environment and assess the risks of material misstatement. Participants will explore key definitions, concepts, and changes introduced by the standard, including the separation of inherent and control risk, enhanced focus on internal controls and IT environments, and revised approaches to identifying and documenting significant risks.
The course also examines practical application of risk assessment procedures, common implementation challenges, and the relationship between SAS 145 and the quality management requirements of SAS 146. By the end of the course, learners will be equipped to apply modern risk assessment practices in real-world audit engagements and ensure compliance with current auditing standards.
Topics Include:
- SAS 145 Background
- Modern Risk Assessment
- Risk Assessment in Practice
- Quality Management and Audit Risk: SAS 145 in Context
Key Takeaways
After completing this course, the learner should be able to:
- Identify changes to risk assessment.
- Recall the requirements for risk assessment in SAS 145.
- Recognize key terms and definitions.
- Identify risk assessment in practice.
- Recognize the key requirements and effective dates of SAS No. 146.
Who Will Benefit
This course is ideal for auditors, accounting professionals, and assurance practitioners responsible for planning and performing audits. It benefits them by enhancing their understanding of modern risk assessment requirements under SAS 145, enabling more effective identification, evaluation, and documentation of risks in audit engagements.
Disclaimer
Most of CPA Ontario's 450+ on-demand courses are compatible with the mobile app. Unfortunately, this on demand course is not compatible. For the best learning experience, we suggest you use your computer.
How to Access the Course
To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Becker has been the partner accountants trust with their professional education for more than 60 years. Our team of expert instructors draws on decades of real-world experience to deliver comprehensive coursework that translate concepts into real-life examples. Becker has prepared people from more than 2,900 accounting firms, alliances, corporations, government agencies and universities.