Menu

Obtaining an Understanding of Internal Control

Overview

Understand internal control
Understand internal control in risk assessment as required by GAAS. Gain an overview of internal control and related key aspects so that you recognize auditor and management roles and responsibilities related to internal control and procedures involved in understanding an entity's internal control in a risk assessment.

Prerequisites

None

Objectives

  • Recognize the importance of understanding internal control.
  • Recall factors and procedures that an auditor should consider when obtaining an understanding of the entity and its environment, including internal control.
  • Recall definitions and key aspects of internal control from various organizations.

Highlights

  • Various definitions and aspects of internal control, including separation of duties and safeguarding of assets
  • Key aspects of internal control from various organizations, such as COSO, SEC, and PCAOB
  • Factors to consider, for example, industry, regulation, and nature of the entity
  • Risk assessment procedures, namely inquiry, analytical procedures, and observation and inspection, as well as brainstorming

    Register Now

    Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

  • Event Code:

    4851568

    1 CPE Credits
    Auditing: 1 Credits

    Registration

    Member Price:
    $75
    Non-member Price:
    $89

    Registration is open through 09/24.

    Wednesday, September 24th

    4:00pm to 5:00pm

    Add to Calendar

    Instructor

    Renee Rampulla