New Staff: Introduction to Internal Controls

Available Anytime
Location: Online
1Credits
Accounting and Auditing
Registration is Open
FICPA Members
$89.00 Regular Price
Nonmembers
$109.00 Regular Price
Product Code: AI23-ASE2-ICT
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Auditing

Overview:

This CPE course can be purchased individually or as part of the Audit Staff Essentials - New Staff: Practical Application staff training bundle.

Gain an understanding of the COSO Internal Control-Integrated Framework and the concept of internal control over financial reporting, which will be part of your work environment whether you are in public accounting, corporate, government, not-for-profit, or private entity auditing.

Understand the role of personal certifications regarding internal control under the SarbanesOxley Act.

Be up to date on expanded discussions of the COSO Points of Focus, a critical tool in evaluating the COSO Framework as well as an introduction to IT General Controls.

Objectives:

Learning Outcomes

  • Identify auditor requirements regarding the COSO framework and its major elements.
  • Recall the relationship between risk assessment and internal control assessment.
  • Recall the steps in the process of a walkthrough of controls on an engagement.

Major Topics:

Key Topics

  • Overview of auditor requirements regarding ICFR
  • The COSO framework today
  • How the components fit together
  • Walk-throughs

Designed For:

Who Will Benefit

  • Recently onboarded staff
  • First-year staff
  • Firms that want consistent training and level setting


Prerequisite:

None