Surgent's Internal Control Fundamentals (Audit Skills Training: Level 1) (A1M7)

Description:

Obtaining an understanding of the entity and its environment is part of assessing risk of material misstatement, in order to design the nature, timing and extent of further audit procedures necessary to obtain sufficient appropriate audit evidence to support the auditor's report. A critical component of understanding the entity and its environment is to evaluate the design and implementation of internal control over financial reporting.

Highlights:

  • Gaining an understanding of the entity and its environment
  • The inter-relationship of the five foundational components of the COSO Internal Control – Integrated Framework
  • Various methods for documenting and evaluating the design and implementation of internal control over financial reporting
  • Critical elements of entity-level and transactional-level controls
  • Case studies related to identifying deficiencies in internal control documentation

Objectives:

  • Describe how to properly obtain an understanding of the entity and its environment
  • Discuss the COSO Internal Control – Integrated Framework
  • Explain important considerations in documenting a systems description narrative
  • Describe how to evaluate internal control design and implementation

Prerequisites:

None

Category:

AUD

Credits:

3

Course Level:

Basic

Members

Standard Fee: $54.00

Non-Members

Standard Fee: $61.00

Register Now

Vendor:

Surgent McCoy CPE, LLC

Start:

January 28, 2020 12:00am

End:

April 30, 2021 5:00pm

Designed For:

Professionals new to evaluating the design and implementation of internal control
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