December 2, 2026

Live Webcast

NASBA 2
•
NYSED 2

Audit Planning and Risk Assessment: Building the Audit Strategy

December 2, 2026
Live Webcast
NASBA 2
•
NYSED 2

Audit Planning and Risk Assessment: Building the Audit Strategy

  • View Bio

    Instructor

    Keith
    Peterka

    View Bio

    Mr. Keith Peterka

    Bio
    Keith C. Peterka, is a partner-in-charge of the Professional Standards Group at Marks Paneth LLP. He has more than 20 years of public accounting experience and is skilled in dealing with complex accounting and reporting issues. Prior to joining Marks Paneth, he was a partner in the professional standards group of a national firm. He played a key role in developing his predecessor firm’s audit quality plan and training programs. He has also worked for over a decade at a Big Four firm serving middle market and multinational clients in both there Pennsylvania and Texas offices. In addition, he worked in their capital markets group in both Europe and Asia assisting multinational clients with complex accounting issues under both IFRS and US GAAAP, as well as SEC reporting issues. His deep background also includes serving as an inspector with the Public Company Accounting Oversight Board (PCAOB). In addition to performing inspections of Big Four firms in the US, he also was a member of international inspection teams for firms in Canada, Asia and India.

Effective audits begin with effective planning. This seminar explores the planning process and the risk assessment procedures that serve as the foundation for designing appropriate audit responses.

Participants will examine how auditors develop an understanding of an entity, its environment, and its internal control system to identify and assess risks of material misstatement. The seminar also addresses the role of materiality, audit strategy development, and the relationship between assessed risks and planned audit procedures.

A key component of this seminar is understanding the risk-based auditing concept and how auditors use professional judgment to focus their efforts on areas that matter most. Participants will gain insight into how planning decisions influence engagement efficiency, audit effectiveness, and the overall quality of audit conclusions. The seminar emphasizes how a well-designed audit strategy helps ensure audit procedures are relevant, responsive, targeted, and aligned with identified risks.

Learning Objectives

Upon completion of this seminar, participants will be able to:

  • Explain the purpose and importance of planning and risk assessment in a financial statement audit.
  • Analyze factors affecting an entity's operations, environment, and internal control structure.
  • Apply materiality concepts when developing an audit strategy and audit plan.
  • Calculate identified risks to the nature, timing, and extent of audit procedures.

CPE Credits Available

NASBA 2
NYSED 2
2
Auditing (NASBA) - NASBA
2
Auditing (NYSED) - NYSED

Things to Know About This Course

Course Level

  • Intermediate

Provider

Foundation for Accounting Education

Register For This Event

  • NYCPA Member

    $ 55 55
    Join

  • NYCPA Non-Member

    $ 105 105
    Your Price

Please login to register.