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Live Webcast Replay

Deep Dive into Common Auditing Deficiencies

Total Credits: 4 including 4 Auditing- Technical

Average Rating:
ACPEN Industry Institute |  Accounting and Auditing
Melisa F. Galasso
Course Levels:
4 Hours
Product Setting: Expires 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


The AICPA has determined than 1 in 10 firms are not compliant with the risk assessment standards. This course will discuss how to properly identify risks and assess risks under AU-C 315. We will then review how to respond to identified risks under AU-C 330. The course will focus on the inherent risk model. We will also review common deficiencies and how a proper risk assessment can drive a more efficient and effective audit. 

Basic Course Information

Learning Objectives
  • Describe common audit deficiencies 
  • Properly perform risk assessment and documentation 
  • Recall best practices for auditing estimates 
  • Recognize changes to auditing standards for estimates and risk assessment

Major Subjects
  • Auditing
  • SAS 143
  • SAS 145

Course Materials


Melisa F. Galasso's Profile

Melisa F. Galasso Related Seminars and Products

Founder and CEO

Galasso Learning Solutions LLC

Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical acconting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.



Thu, Mar 07, 2024 - 07:00am to 10:40am MST
Sat, Mar 09, 2024 - 09:00am to 12:40pm MST
Wed, Mar 20, 2024 - 12:00pm to 03:40pm MDT
Fri, Mar 29, 2024 - 07:00am to 10:40am MDT
Mon, Apr 01, 2024 - 12:00pm to 03:40pm MDT
Wed, Apr 17, 2024 - 07:00am to 10:40am MDT
Tue, Apr 23, 2024 - 04:00pm to 07:40pm MDT

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For Accounting professionals
Original Recording Date 05/01/2023
Course Developer Galasso Learning Solutions
Date Added to Catalog 5/8/2023

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints., (972-377-8199). 

Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Instructional Delivery Method

Group Internet Based

Course Registration Requirements

Online Registration

Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 



Overall:      4.7

Total Reviews: 31


Gary K - Boca Raton, Florida

"Melissa was great! Look forward to her future sessions!"

Suzanne T - Sarasota, Florida

"Melisa Galasso knows her work and is good. It is a little hard to absorb all of this, but she is good and I may watch it again. I need to incorporate this information given that we will need a single audit for a grant we are receiving. Thank you!"

Patty S - Embarrass, Minnesota

"Lots of information covered!"