Generally accepted auditing standards provide guidance regarding an auditor’s proper application of the audit risk model, and the resulting design and performance of audit procedures whose nature, timing, and extent are responsive to the assessed risks. The proven tips and techniques taught in this course will help experienced auditors enhance audit quality and manage profitability on all engagements. When designing your audit plan, how and where you decide to spend your time is largely a matter of professional judgment. With an ever-increasing focus on minimizing the risk that auditors will fail to detect material misstatement due to either fraud or error in financial statements, it is more important than ever that accountants challenge what they are doing on audits and why. Critically rethinking how you plan and design your audit not only ensures that you are doing an effective audit, but often has the added benefit of discovering ways to improve efficiency as well! This course will cover topics relevant to for-profit business enterprises, nonprofits, and local governments.