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SAS 145 is here!
Are you ready?
Top 5 considerations for audit teams

with GAAP Dynamics 
Available until: March 31, 2025

Course Description

Based on AICPA peer review data, nearly half of the audits reviewed were nonconforming because engagement teams did not properly address their clients' controls. As a result, SAS 145 Understanding the Entity and Its Environment and Assessing Risks of Material Misstatement was issued, and this new guidance is effective NOW! Is your firm ready?

Join us as we discuss the top 5 considerations engagement teams must address to ensure they're in compliance with the new requirements of SAS 145. We'll discuss:

• Performing risk assessment procedures
• Assessing inherent risk and control risk
• Determining relevant/key controls (i.e., identified controls)
• Evaluating design and implementation of identified controls
• And much more!

Learning Objectives

By the end of this course, you should be able to: 

1. Recall the required risk assessment procedures when obtaining an understanding of the entity and its environment, including its system of internal controls
2. Recall the requirements within SAS 145 for assessing inherent and control risk
3. Identify relevant controls that address the risks of material misstatement and for which the auditor is required to evaluate their design and determine their implementation

Don't delay. Sign up today!