Welcome to ACPEN

We are pleased to announce the expansion of the ACPEN Industry Institute webcast time offerings in order to accommodate a broader range of schedules. Several alternating weeknights and two Saturdays per month are being added to the mix to give you additional programming options! When registering for webcasts, please make note of whether the course is an AM or PM start time.

On-Site Group *

Individual Viewer *

Realistic Approach to an Audit: Audit Risk, Materiality, and Audit Program Development

Length: 2 Hours

CPE Credits: 2

Field of Study 1: Auditing

Program Level (Basic, Update, Intermediate, Advanced, Overview): Intermediate

Instructional Delivery Method: Group Internet Based

Course Registration Requirements: Online Registration

Refund/Cancellation Policy: Please contact the ACPEN help desk - 1-800-747-1719 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Complaint Resolution Policy: Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).

Official Registry Statement: Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org

This session is a detailed examination of risk and materiality followed by an example of how risk and materiality considerations result in a custom-tailored, risk-responsive (risk-based) audit program.  This is a must-attend session for those auditors who are responsible for planning, and/or evaluating the effectiveness and efficiency of an audit conducted in accordance with Generally Accepted Auditing Standards.    

Topics Covered: Topics addressed in this session include:

  • The relationship of audit risk to materiality.  
  • Considerations that enter into the development of an amount for materiality. 
  • Testing of planning materiality estimates. 
  • Materiality at the line-item/disclosure level. 
  • Quantification of audit risk in the audit planning stage of an engagement. 
  • Audit program development. 
  • Methods of testing for the adequacy of a risk-reduction approach. 

This course is produced and sponsored by Business Professionals' Network Incorporated and the ACPEN Industry Institute.  Business Professionals' Network, Inc. is registered with the National State Board of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors under #107810. ... Read More


Produced By:

ACPEN Industry

Faculty

  • Gary A. Hotchkiss, CPA

Course Materials

  • Audit Risk - Handouts (13 pages)