BEACH RETREAT: Internal Control- How Does It Impact an Audit?

Date: June 29, 2017 Time: 7:30 am - 11:00 am EST Location: Ocean City, MD CPE: 4 Format: In-Person
EVENT DESCRIPTION

The purpose of this course is to help auditors utilize a risk-based approach along with a controls assessment within their engagements to enhance audit quality. Auditors continue to struggle with effective and efficient execution of the Risk Assessment Standards. Common deficiencies include an over-reliance on checklists and inadequate documentation of audit risk assessment, including linkage of audit risks to internal controls over financial reporting. The AICPA Peer Review team continues to see common audit deficiencies relating to these issues. Make sure you are in full compliance with all of today’s standards!

LEARNING OBJECTIVES
By the end of this course, you will be able to:
 Recall key concepts in the risk assessment standards, including various requirements related to internal controls assessment.
 Recognize common implementation issues and solutions.
MAJOR TOPICS
 Audit process and planning
 Assessment of the risk of material misstatement and the design and implementation of internal controls utilizing the 2013 revised COSO framework
 Procedures to test the effectiveness of controls
 Sampling and non-sampling tests to support the state audit objective
 Severity of controls deficiencies
 Severity of controls deficiencies
EVENT DETAILS
PROFESSIONAL AREAS OF FOCUS
Accounting & Auditing
CPE FIELD OF STUDY
Auditing (4 Credits)
WHO SHOULD ATTEND
Auditors who face the challenges of applying the risk assessment requirements
INSTRUCTOR(S)
Tricia Griffis
PREREQUISITES
None
COURSE LEVEL
Basic
LOCATION
Clarion Resort Fontainebleau Hotel 10100 Coastal Hwy, Ocean City, MD 21842, USA
Loading