Mobile Edition


Internal Control: How Does It Impact an Audit? (AIIC02)

 
Date:Tuesday, January 16, 2018
Time:1:00 PM - 4:59 PM
(Registration at 12:30PM)
Facility:Webcast or Webinar, Online
CPE Credit:4.0 Accounting and Auditing
Instructor: Lynn Fountain
Vendor:AICPA
Course Level:Basic
Early Bird Price:$159.00 FICPA Members, $199.00 Non-Members

Description:

The purpose of this webcast is to help auditors utilize a risk-based approach along with a controls assessment within their engagements to enhance audit quality. Auditors continue to struggle with effective and efficient execution of the Risk Assessment Standards. Common deficiencies include an overreliance on checklists and inadequate documentation of audit risk assessment, including linkage of audit risks to internal controls over financial reporting. The AICPA Peer Review team continues to see common audit deficiencies relating to these issues. Make sure you are in full compliance with all of today's standards!



Objectives:

LEARNING OBJECTIVES When you complete this webcast you will be able to:

 Recall key concepts in the risk assessment standards, including various requirements related to internal controls assessment.

Recognize common implementation issues and solutions.



Major Topics:

TOPICS DISCUSSED

Audit process and planning

 Assessment of the risk of material misstatement and the design and implementation of internal controls utilizing the 2013 revised COSO framework

Procedures to test the effectiveness of controls

Sampling and non-sampling tests to support the state audit objective

Severity of controls deficiencies

Required communications



Who Should Attend:
Auditors who face the challenges of applying the risk assessment requirements

Session/Options

If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.