Dive into risk assessment tasks.
Learning Objectives
Determine the relevance of risk assessment procedures in gathering evidence to direct audit effort and support the audit opinion,including establishing a proper audit materiality.;Identify key points related to the auditor's requirements regarding internal control as part of a financial statement audit.;Recall the relevant information regarding the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework.;Recognize the potential of audit data analytics in risk assessment procedures.
Major Topics
Audit Process;Risk Assessment;Materiality;Audit Strategy;COSO;Internal Controls