2024 Internal Control Fundamentals
Saturday, February 08, 2025
Webcast or Webinar, Online
4:00 PM - 6:00 PM (opens at 3:30 PM) EST
2Credits
Accounting and Auditing
Registration is Open
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$79.00 Regular Price
Non-Members
$109.00 Regular Price
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Course Type: Webcast
Course Code: 24/AC905287
Level: Basic
Vendor: ACPEN
Field of Study: Auditing
Overview:
AU-C Section 315 requires the auditor to gain an understanding of the entity and its environment and the entity's internal controls in order to design appropriate audit procedures. This course will review the key requirements of COSO which is one of the most widely used internal control frameworks. We'll also review the limitations of internal controls. Additionally, this course will introduce the risk assessment process and the various audit procedures to evaluate controls and to determine whether to test the operating effectiveness of controls.
Objectives:
- Describe the five components of COSO
- Recall the limitations of internal controls
Major Topics:
- Risk Assessment
- Internal Controls
- COSO
Major Topics:
- Risk Assessment
- Internal Controls
- COSO