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Risk Assessments and what you need to know when performing your SOC engagements

ID: 60400
Tuesday June 25, 2024 1:00PM - 2:00PM
Topics: Audit + Assurance
NON-MEMBERS$82.00
MEMBERS$71.00
YOUR PRICE$82.00

Identify and mitigate potential threats (bold)

Risk assessments have been a primary focus area for firms as well as peer reviewers. Assessing risk is a continual process through an engagement life cycle (from client acceptance to planning to evaluating the results).

This session will strive to answer three questions related to third-party risk management:

- What is a risk assessment?

- Why do we keep talking about it?

- Where do you start?

This was first delivered as part of the AICPA & CIMA SOC & Third-Party Risk Management Conference in April 2023 as the session, Start here ... with risk assessments.

Learning Objectives:

· Identify the different types of risk assessments and their role within an engagement.

· Identify materiality considerations when performing a risk assessment.

Who will benefit:

· Managers, senior managers and partners responsible for performing and managing their firms' SOC for Service Organizations engagements

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING PORTAL. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.