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

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
  1. By the end of this course, you will be able to:
  2.  Recall key concepts in the risk assessment standards, including various requirements related to internal controls assessment.
  3.  Recognize common implementation issues and solutions.
Major Topics
  1.  Audit process and planning
  2.  Assessment of the risk of material misstatement and the design and implementation of internal controls utilizing the 2013 revised COSO framework
  3.  Procedures to test the effectiveness of controls
  4.  Sampling and non-sampling tests to support the state audit objective
  5.  Severity of controls deficiencies
  6.  Severity of controls deficiencies
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Auditing
4
Who Should Attend
Auditors who face the challenges of applying the risk assessment requirements
Instructor(s)
Tricia Griffis
Prerequisites
None
Location

Clarion Resort Fontainebleau Hotel, 10100 Coastal Hwy, Ocean City, MD 21842, United States

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When
Jun 29, 2017
7:30 am - 11:00 am
Location
Clarion Resort Fontainebleau Hotel, 10100 Coastal Hwy, Ocean City, MD 21842, United States
Total CPE Credits
4
Format
In-Person
Instructor
Tricia Griffis

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


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