Audit Staff Essentials - Experienced In Charge or Senior: Risk Assessment and Advanced Considerations for the System of Internal Control

Overview

Senior auditors can review key risk assessment considerations, internal control systems, control testing, control deficiencies and remedies, and conclude on peer review findings related to controls.

Highlights

Key Topics

• Risk assessment and the system of internal control
• Testing IT general controls and automated controls
• Deficiencies in automated and IT general controls
• Common peer review and inspection findings

Prerequisites

2-3 years of audit experience

Designed For

Who Will Benefit

In charge and experienced audit staff with more than two to three years of audit experience

Objectives

Learning Outcomes

• Identify the key considerations regarding risk assessment, including with respect to the system of internal control.
• Identify the considerations for identifying and testing automated and IT
  general controls.
• Analyze information regarding deficiencies, including levels of severity and special deficiencies.
• Identify common deficiencies and considerations for automated and IT general controls.
• Analyze common peer review and inspection findings to avoid them.