Part of the Verracy 2026 Free Webinar Series, this session encourages auditors to “Level Up” from reviewers of activity to interpreters of business risk.
Today’s auditors are expected to provide insight on increasingly complex organizations, technologies, and business models. Yet many audit engagements are performed with only a surface-level understanding of how the underlying business actually creates value.
While standards, methodologies, and testing techniques remain important, audit quality is ultimately limited by the auditor’s understanding of the business itself. When auditors focus primarily on controls, procedures, and documentation without understanding the operational realities behind them, significant risks can be overlooked and opportunities for meaningful insight are lost.
This session challenges auditors to move beyond compliance-focused auditing and develop deeper business fluency. Participants will learn why understanding strategy, operations, incentives, and decision-making is critical to providing valuable assurance and becoming a trusted advisor to management and the board.
Learning Objectives:
After completing this session, participants will be able to:
- Evaluate how organizational strategy, incentives, and business purpose shape risk
- Recognize when auditors assess risk without truly understanding the business behind it
- Identify common indicators of surface-level audit planning and execution
- Apply practical techniques to improve business fluency before and during audit engagements
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CPE: 1.0 | Field: Auditing | Delivery: Group Internet Based
Level: Beginner | Prerequisites: None | Who Should Attend: Internal auditors, audit managers, audit leaders, risk professionals, compliance professionals, and finance professionals seeking to strengthen business acumen and improve risk assessment and audit effectiveness.
Verracy 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: www.NASBARegistry.org.
Texas State Board of Public Accountancy, 505 E. Huntland Drive, Suite 380, Austin, Texas 78752 www.tsbpa.state.tx.us
Cancellation Policy: This is a free webinar. You may cancel at any time.
To contact Verracy: training@verracy.com