Youtor
Risk Assessment
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=WZl9mB5XmoA
Auditing Theory: Concept and Practice Tutorial Series covers the necessary skill and knowledge that will help in passing the CPA Licensure Exam and information that will guide auditors in performing auditing and related services. • This video aims to help the viewers understand and review the risk assessment process in an audit of financial statements. • Subscribe to our channel to be updated on the release of the next videos. • Contents: • 0:00 - Start • 0:45 - Risks Related to an Audit Firm • 5:22 - Audit Risk • 12:50 - What is Risk Assessment? • 16:15 - Risk Assessment Procedures • 25:45 - Understanding the Entity and Its Environment • 26:47 - A. Industry and Regulatory Factors • 30:05 - B. Nature of the Entity • 33:44 - C. Accounting Policies • 36:00 - D. Objectives and Strategies • 37:44 - E. Financial Performance • 40:50 - Understanding the Entity's Internal Control • 42:25 - Identifying and Assessing Risk of Material Misstatements • 45:50 - A. Management Assertions • 50:15 - B. Significant Risks • 52:50 - Documentation of Risks Assessment Process • Facebook Page: / akawntingpage • Youtube Channel: / akawnting • Visit our blog: https://akawnting.com
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