Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Risk-Based Audit Standards: Effective Utilization (RBA)

8-Hour Program

WHY ATTEND THIS COURSE?

This program will review the requirements of risk-based auditing, address best practices when conducting planning and risk assessment procedures, describe audit testing strategies including sampling and internal control testing, and illustrate documentation examples that comply with the risk assessment standards.

DESIGNED FOR...

Audit practitioners having responsibility for planning and supervising audits, as well as other members of audit engagement teams involved with audits of non-public entities.

OBJECTIVE

Participants will be able to:

  • Apply the risk-based audit standards
  • Apply risk assessment audit procedures
  • Develop effective and efficient audit strategies for private entity audits
  • Select effective and efficient audit testing strategies
  • Determine when it might be more efficient to perform internal control testing

MAJOR SUBJECTS

  • Risk assessment process and procedures
  • Audit planning and strategy
  • Testing strategies
  • Internal control testing
  • Risk assessment audit standards
  • Sampling applications
  • Sufficiency of evidence
  • Documentation and best practices
  • Linked and tailored audit procedures
  • SAS No.132 on the Auditor’s Consideration of an Entity’s Ability to Remain a Going Concern

COURSE ACRONYM: RBA

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Basic/Intermediate

PREREQUISITES:

  • Basic auditing course or equivalent experience

ADVANCE PREPARATION: None

FIELD OF STUDY: Auditing

RECOMMENDED CPE CREDIT: 8 hours


Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.


CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are 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 submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.