PCAOB Auditing Standards - Audit Planning and Performance   Updated

Upon successful completion of this course, the user should be able to:

• recognize the concepts of planning as they relate to conducting an audit,

• identify the nuances of audit planning as they are in the PCAOB standards,

• describe the concepts of materiality in the course of planning and performing the audit and as a basis for further stages of the audit,

• determine the auditor's responsibilities for performing risk assessment procedures, and

• recognize the elements of actions that should be taken when risks of material misstatement are encountered.