The risk assessment process requires the auditor to understand internal controls over financial reporting (ICFR) and report deficiencies to management and those charged with governance as defined by professional standards. Auditors may also be required or decide to test internal controls for effectiveness. This course builds skills to test internal controls and communicate deficiencies effectively and efficiently. Additionally, we review the information technology section of the COSO Framework’s Information and Communication component. Controls over information technology (IT) are effective when they maintain the integrity of information and the security of the data the systems process as well as when they include effective general IT controls (GITC/ITGC) and application controls. GITC are policies and procedures that function as the foundation to support the effective operation of the system’s application controls. The increasing complexity of IT systems in many entities has resulted in a greater focus around controls in the IT environment. We expand the auditor’s knowledge and present best practices in testing and understanding such controls in the IT environment.
Familiarity with auditing and accounting and reporting standards
Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.
ICT40619
Registration is open through 06/18.
1:00pm to 4:30pm (Check-In 12:30pm)
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June 19, 2024
June 20, 2024
June 25, 2024