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PPC's SMART Practice Aids
SMART Practice Aids
PPC's SMART Practice Aids
SMART Practice Aids Functionality: eLearning Mini Lesson - Assessing Risk for an Audit Area
Price: Free

During the Risk Assessment section of SMART Practice Aids, you must decide whether to document your assessment by audit area or assertion. If you choose Assertion, you then rank both inherent risk and control risk for each of the six assertions at a level of Low, Moderate, or High (or Not Relevant, if applicable). SMART Practice Aids calculates the assessed risk of material misstatement for each assertion and then suggests an audit approach for the audit area, based on the overall assessment.


Field of Study: Computer Software & Applications
CPE Credit:
10 minutes

Available in: Web-based e-learning (self-study)Web-based e-learning (self-study)

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