Internal Control: Basic Concepts for the External Auditor

Objectives:

After completing this course, you will be able to (1) answer technical questions on the nature and components of internal control, (2) select procedures to obtain an understanding of internal control, (3) determine the external auditor's use of the internal auditor's work, (4) identify and assess the risks of material misstatement of financial statements and assertions, (5) recognize the requirements to communicate significant deficiencies and material weaknesses in internal control, and (6) determine appropriate documentation for the understanding of internal control.

Major Topics:

Introduction to Internal Control (AU-C 315), Understanding Internal Control (AU-C 315), Using the Work of Internal Auditors (AU-C 315 and AU-C 610), Assessing Risks (AU-C 315 and AU-C 330), Communicating Internal Control Related Matters Identified in an Audit (AU-C 265), Internal Control Documentation (AU-C 315)

Prerequisite:

None

Additional Info:

Access the OnDemand Course:

• Login: Please login to the course at http://www.ficpa.org/gleimsso.
• Enter the OnDemand Course: Once logged, in, click on the Online CPE: Transcript button.
• Access the OnDemand Course: Click the Continue button next to the OnDemand title that you are registered for.
  

Customer Support Contact Information:

Phone 
800.874.5346 ext. 212

Email
[email protected]

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