New Staff: Core Concepts- Introduction to the Audit Risk Model

This CPE course will explain the audit risk model and discuss how it is used at the onset and throughout the audit.

• Recently onboarded staff
• First-year staff
• Firms that want consistent training and level setting

• Recall the audit risk model and its elements and how the audit risk model combines risk to assess overall audit risk.
• Recall the relationship between audit strategy and the audit risk model.

• Relevant professional standards
• The audit risk model
• Considerations and cautions
• Audit strategy