New Audit Risk Assessment Standard SAS 145

CPE Credit: 2 hours

Join us for a discussion of the Statement on Auditing Standards No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement

Learning Objectives:

· Overview the content and applicability of the AICPA’s Statements on Quality Control Standards.
· Understand the requirements and methods for performing risk assessment in the Clarified Auditing Standards (AU-C 315 and 330).
· Learn the content and application of SAS No. 145.
· Apply and document compliance with the requirements of SAS No. 145, effective for periods ending on or after December 15, 2023.