Center for Plain English Accounting: Risk Assessment FAQs
The Center for Plain English Accounting (CPEA) is the AICPA’s national A&A resource center. The CPEA’s team of experts assists member firms in understanding and implementing accounting, auditing, review, compilation and quality control standards by sharing technical advice and guidance in a straightforward manner.
Through CPEA’s extensive work with member firms, they have compiled the following list of frequently asked questions (FAQs) to aid practitioners in complying with AU-C Section 315.