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Live Webcast Replay

Risk Assessment: A Common Deficiency

Total Credits: 1 including 1 Auditing- Technical

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



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
  • Recognize the audit risk model 
  • Perform risk assessment procedures compliant with the audit standards

Major Subjects
  • AU-C 315
  • AU-C 330
  • Auditing

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.



Wed, Mar 06, 2024 - 02:00pm to 02:57pm MST
Fri, Mar 15, 2024 - 07:00am to 07:57am MDT
Wed, Mar 27, 2024 - 09:00am to 09:57am MDT
Wed, Apr 03, 2024 - 12:00pm to 12:57pm MDT
Thu, Apr 18, 2024 - 04:00pm to 04:57pm MDT
Thu, Apr 25, 2024 - 07:00am to 07:57am 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:      4.8

Total Reviews: 4