Covering key considerations regarding risk assessment, including with respect to internal control, this CPE course will analyze information regarding deficiencies and common peer review and inspection findings to avoid them from recurring.
NASBA Field of Study
Tom Noce, Lynford Graham
This CPE course can be purchased individually, or as a part of the Audit Staff Essentials - Experienced In-Charge/Senior training bundle.
Understand risk assessment.
Review the key concept of risk assessment, with a focus on internal controls. Understand identification and testing of automated and information technology general controls.
Consider deficiencies in internal control, including deficiencies in automated controls and information technology general controls.
Understand the concept of severity and steps taken for aggregating found deficiencies, as well as the impact of compensating and monitoring controls.
Consider common peer review and inspection findings with regard to internal control to prevent them from recurring.
Group ordering for your team
The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact firstname.lastname@example.org and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.