Mobile Edition


Internal Control: How Does It Impact an Audit? (AIICHD07)

 
Date:Tuesday, December 19, 2017
Time:9:00 AM - 12:59PM
(Registration at 8:30 AM)
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 course 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! 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

Objectives:
When you complete this course 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.

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.