New Launching 4/1! Stay tuned for a brand new online experience.

Auditing Bits in Bytes™ Session 7: Identifying, Evaluating and Communicating Internal Control Deficiencies


This 2-hour session focuses on how to properly fulfill the requirements for identifying, evaluating and communicating internal control deficiencies identified during the course of the financial statement audit.

Develop a game plan for successful audits, learn more about MACPA’s Auditing Bits in Bytes™.

Learning Objectives
  • Describe how to properly satisfy the requirement to evaluate and communicate internal control matters noted during the course the financial statement audit
  • Recognize considerations in properly categorizing internal control deficiencies as an inconsequential matter, significant deficiency, or material weakness
  • Identify significant audit matters to communicate with those charged with governance
  • Recognize ways for reporting entities to assume greater responsibility for internal control over financial reporting
Major Topics
  • Identifying & Evaluating Internal Control Deficiencies – Emphasizing the importance of identifying both design and operating effectiveness deficiencies during the course of the audit, and how to properly categorize deficiencies as inconsequential, significant or material
  • Considering the Impact of Internal Control Deficiencies – The impact on the auditor’s conclusions related to risk of material misstatement, sufficient appropriate audit evidence to support the financial statement audit opinion, and independence
  • Communicating Internal Control Deficiencies to Those Charged with Governance – How to fulfill requirements in a way that emphasizes to the client the value and importance of giving proper dedication to understanding, consciously evaluating and concluding on an appropriate response to identified deficiencies
  • Communicating Other Significant Audit Matters to Governance – What to communicate and when
  • Extensive illustrative examples will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement
Business Learning Institute
Course Level
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Who Should Attend
  • Anyone who is new to auditing or desires a refresher in how to perform effective and efficient financial statement audits for non-issuers in accordance with professional and regulatory standards.
Jennifer Louis
  • None
Advanced Preparation
  • None


Event Information
Available 24/7
Total CPE Credits


$ (% off)


$ (% off)
Become A Member

Register for this Course

Auditing Bits in Bytes™ Session 7: Identifying, Evaluating and Communicating Internal Control Deficiencies

Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now