Internal Control and Risk Assessment: Key Factors in a Successful Audit (On-Demand)

Description

Under generally accepted auditing standards (GAAS), all auditors are required to follow a risk-based approach to auditing. The consideration of internal control is key to risk assessment and to the determination of overall audit approach. In this CPE course, learn the requirements in a financial statement audit for understanding internal control, assessing the design and implementation thereof, and evaluating and communicating internal control deficiencies.

Learning Objectives

▪ The requirements to assess internal control
▪ COSO’s integrated framework
▪ Internal control as a part of risk assessment
▪ Testing internal controls and controls reliance
▪ The use of a service organization in the context of an entity’s system of control
▪ IT general control and application controls
▪ Documenting the control assessment
▪ Assessing and communicating deficiencies
▪ Efficient and effective practices

Major Topics

Under generally accepted auditing standards (GAAS), all auditors are required to follow a risk-based approach to auditing. The consideration of internal control is key to risk assessment and to the determination of overall audit approach. In this CPE course, learn the requirements in a financial statement audit for understanding internal control, assessing the design and implementation thereof, and evaluating and communicating internal control deficiencies.

Provider
AICPA - Durham
Course Level
Intermediate
CPE Field of Study
Auditing
8
Who Should Attend
Practitioners responsible for or involved in financial statement audits.
Prerequisites

None.

Advanced Preparation

None.

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When
Available 24/7
Location
Internal Control and Risk Assessment: Key Factors in a Successful Audit (On-Demand)
Total CPE Credits
8
Format
On-Demand

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Internal Control and Risk Assessment: Key Factors in a Successful Audit (On-Demand)


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