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Statement on Auditing Standards No. 104 - No. 111 Risk Assessment Standards

Date: Thursday, January 31, 2019
Time: 1:00 - 2:30 pm EST

Sponsored by Lorman Education Services

Registration - Live Webinar Only: $219.00

Registration - Live Webinar Plus CD Recording: $288.00


Gain a better understanding of how the risk assessment standards affect audit practice.

In the 1990s, the auditing profession was affected by several allegations of audit failure. In response, the auditing profession looked into ways to improve the audit process.

That led to a very extensive study that recommended, among other things, that the Auditing Standards Board (ASB) of the AICPA undertake a project to address issues with respect to assessing and responding to the risks of material misstatement (whether caused by error or fraud).

This project culminated in the issuance of SASs 104–111, often referred to as the suite ‘risk assessment standards.’ Collectively, the risk assessment standards establish standards and provide guidance concerning the auditor’s assessment of the risks of material misstatement (whether caused by fraud or error) in a non-issuer financial statement audit; design and performance of tailored audit procedures to address assessed risks; audit risk and materiality; planning and supervision; and audit evidence.

Learning Objectives:

  • You will be able to review SASs 104-111.
  • You will be able to identify how the standards affect audit practice.
  • You will be able to discuss post-implementation issues of standards.
  • You will be able to recognize the current plans to amend the standards.
This Live Webinar Covers These Hot Issues:
  • Provide an Overview of SASs 104–111
  • Discuss Changes to SASs 104–111 Since Their Original Issuance
  • Highlight Post-Implementation Issues and Plans to Amend the Standards

Credit Information (Sponsored by Lorman Education Services):

  • CFP
  • CLE
  • CPE
  • AIPB
  • Enrolled Agents

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.


Hiram Hasty, CPA, AICPA

  • Associate director, audit and attest team of the AICPA; the audit and attest team supports the standard setting activities of the ASB, a senior technical committee of the AICPA responsible for the promulgation of audit, attestation, and quality control standards for non-issuers
  • Staff responsible for the issuance of SASs 104–111 and all the supporting implementation guidance, including an audit guide, audit risk alert, presentations at conferences, and technical questions and answers
  • Technical advisor to the AICPA member of the International Auditing and Assurance Standards Board
  • CPA and member of the New York State Society of CPAs
  • Can be contacted at 212-596-6011 or

(Not available outside the US)