Risk Assessment Effective 2023 (SAS 145) (LIAA26/23)
SAS 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, was issued in October 2021. The audit standard amends AU-C 315 including many changes to address common audit deficiencies. This course will provide an overview of SAS 145 and its changes to AU-C 315.
Ideal for accountants in public practice
- Identify changes to AU-C 315
- Describe the new risk assessment standard
Key Topics: Risk Assessment AU-C 315