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Audit Risk Assessment Made Easy: Seeing What Others Miss

Audit Risk Assessment Made Easy: Seeing What Others Miss

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Product Details

Are you tired of negative peer review comments? Do you want to decrease the time you have in your audits?Understanding risk assessment will enable you to plan and perform your audits in less time and with greater effectiveness. And it will help you pass peer review.From the author of The Why and How of Auditing.You will learn:- how to use preliminary analytics- how to perform internal control walkthroughs- how to gain an understanding of the entity- how to assess inherent risk, control risk, and the risk of material misstatement- how to assess risks at the assertion level- how to link your audit procedures to your risks of material misstatement- how to select your audit responses: test of details, substantive analytics, test of controlsEndorsements follow:Charles Hall has made good on his promise to make risk assessment easy. Charles knows his stuff and generously shares his deep knowledge with auditors! His engaging explanations are a pleasure to read.Leita Hart-Fanta, CPA, CGAP, CGFMFounder of Yellowbook-CPE.comAustin, TexasCharles walks us gently through the risk assessment process using helpful examples and anecdotes. In so doing, he makes a persuasive case that risk assessment is the key to performing audits that are both effective and efficient.Dr. Eddie ThomasGeorgia College & State UniversityMilledgeville, Georgia Charles’ writing style communicates that even the most complicated task is so much easier to understand and undertake when it is explained and described in simple language with practical examples. James J. Newhard, CPAJJN CPAPaoli, PennsylvaniaCharles dissects one of the most difficult and most misunderstood topics in auditing and renders it easy to understand. He provides a holistic and practical approach to risk assessment. Samuel Latimer, CPA, CFERushton and Company, LLCGainesville, GeorgiaIt's easy to look at risk asse... view more

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