Presentations

Measuring Audit Risk: SAS No. 122 , AU 300 - 499

In March of 2006, the Auditing Standards Board of the American Institute of Certified Public Accountants issued eight new Statements on Auditing Standards, 104 - 111, all of which provided guidance to the auditor on how to measure audit risk.  The standards were subsequently clarified and incorporated into SAS No. 122.   This presentation provides an overview of the guidance provided by the clarified standards as well as several additional mandatory audit procedures and documentation requirements. The additional requirements in the clarified standards will dramatically effect how every single audit is performed after their effective date which has long passed.

Eight Hours