The Audit Risk Model
Auditors use the audit risk model to determine the total amount of risk associated with an audit. In The Audit Risk Model course, we describe how this model works and how the auditor can use it to manage audit risk. We note situations in which the model indicates unacceptable audit risk, as well as cases in which expanded audit procedures can overcome these concerns. The course also addresses the concepts of audit evidence and audit sampling.
Format
PDF Course
Level
Overview
Duration
1 Hour
Course Information
Author: Steven Bragg
Course Number: AU1037
Learning Objectives
- Identify the type of audit evidence that an auditor needs to obtain.
- Specify the various sources of audit evidence.
- Recall how tests of controls are used.
- Specify the characteristics of statistical and nonstatistical sampling.
- Identify how attribute sampling is used.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Auditing
Prerequisites: None
Advance Preparation: None
Latest Review Date: November 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
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