Webinar (CPA Crossings): Internal Control – Testing for Operating Effectiveness

Description

Properly designed and effectively operating internal control over financial reporting is critical for preventing, or detecting and correcting, material misstatement. This course describes how to satisfy the audit requirements related to taking a control reliance strategy by testing the operating effectiveness of internal controls, while promoting an effective and efficient financial statement audit. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives

After attending this presentation you will be able to…

  • Discuss generally accepted audit requirements related to testing controls for operating effectiveness
  • Explain how to evaluate the results of a control reliance test for operating effectiveness
  • Describe the use of Service Organization Control (SOC1) Reports on a financial statement audit
  • Identify the impact of a control reliance strategy on a detailed audit plan
Major Topics

The major topics covered in this class include:

  • Generally accepted audit requirements related to testing controls for operating effectiveness
  • Identifying key controls that may prove effective and efficient to test in a control reliance strategy
  • Responses when deviations are discovered when evaluating the design or operating effectiveness of internal control
  • Leveraging audit evidence available for Service Organization Control (SOC1) Reports
  • General computer control considerations when evaluating the design and operating effectiveness of internal control over financial reporting
Provider
CPA Crossings, LLC
Course Level
Basic
CPE Field of Study
Auditing
2
Who Should Attend

Accountants who have responsibility for evaluating the design and operating effectiveness of controls in a financial statement audit

Instructor(s)
Jennifer Louis
Prerequisites

None

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Mar 15, 2022
12:30 pm - 2:30 pm MDT
Location
Webinar
Total CPE Credits
2
Format
Webinar

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$79.00

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$103.00
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Webinar (CPA Crossings): Internal Control – Testing for Operating Effectiveness


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