How Auditors Approach Risk Assessment

In this video, the expert panel discusses the factors that auditors take into account when performing the risk assessment. The PCAOB has a suite of risk assessment standards that address audit procedures performed throughout the audit, from the initial planning stages through the evaluation of the audit results. In addition to providing insight into some of the business issues that are considered in their procedures, the panel provides an overview of the different data sources that they consult.

Moderator

Dave Sullivan, Deloitte & Touche LLP

Panelists

Phillip Austin, BDO USA LLP
Mark Beasley, North Carolina State University
Elizabeth Miller, KPMG LLP
Maria Moats, PwC