The Role of Internal Control in the Risk-Based Audit
Monday, February 10, 2025
Webcast or Webinar, Online
9:00 AM - 1:00 PM (opens at 8:30 AM) EST
4Credits
Accounting and Auditing
Registration is Open
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$149.00 Regular Price
Non-Members
$209.00 Regular Price
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Course Type: Webcast
Course Code: 24/CX44268
Level: Intermediate
Vendor: CPA Crossings, LLC
Field of Study: Auditing
Overview:
This program addresses the role of client internal controls for balancing efficiency and effectiveness in a risk-based audit. Practical insights regarding an auditor's assessment of the risk of material misstatement when auditing financial statements of non-issuers will be explored, with particular emphasis on internal controls of small-to-medium clients. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event. This event may be a rebroadcast of a live event and the instructor will be available for your questions during the event.Objectives:
After attending this presentation you will be able to...
- Identify minimum understanding and documentation requirements if the auditor does not intend to rely on internal controls.
- Recognize internal controls of less-sophisticated, small-to-medium sized audit clients.
- Utilize identified internal controls for an efficient, risk-based approach to audits conducted in accordance with generally accepted auditing standards.
- Document your procedures and related conclusions
Major Topics:
The major topics that will be covered in this course include:
- Specific matters auditors should consider when obtaining and documenting an understanding of the client's internal control system
- Development of a tailored audit approach that considers the potential reliance on internal controls
- Guidance for establishing an adequate basis for reliance on internal controls of less formal, smaller clients
Major Topics:
The major topics that will be covered in this course include:
- Specific matters auditors should consider when obtaining and documenting an understanding of the client's internal control system
- Development of a tailored audit approach that considers the potential reliance on internal controls
- Guidance for establishing an adequate basis for reliance on internal controls of less formal, smaller clients