The audit risk model is explained for new audit staff who will learn how the model is used at various stages in an audit. Audit risk model decoded Understanding the audit risk model and how it functions is an important part of your work as a new auditor. You can learn how the audit risk model works, including how to use it: - at the outset of an audit; - when documenting your work; - when tabulating evidence regarding procedures and findings; and - as a tool for peer reviewers and inspectors to determine the sufficiency of procedures performed. You can also explore how the audit risk model assists with assessing audit risk and familiarize yourself with the important relationship between the model and the audit strategy. Who Will Benefit - Recently onboarded staff - First-year staff - Firms that want consistent training and level setting Topics - The audit risk model - Assessing audit risk - Audit strategy Learning Outcomes - Recall the audit risk model, its elements, and how it combines risks to assess overall audit risk. - Recall the relationship between audit strategy and the audit risk model.