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Take Control of Your Audit - Avoid Common Internal Control Missteps
Audit & Assurance
CPE Self-study

Take Control of Your Audit - Avoid Common Internal Control Missteps

Gain an understanding of common misconceptions on financial statement audits related to internal control over financial reporting.

$59 - $69
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Auditing

Level

Basic

CPE Credits

2.5

Author(s)

AICPA

Availability

1 year

Product Number

EAQICM21SSO

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 Business & partner 
Product Details

Why is it important to understand internal controls?

You may wonder why you are required to spend time on every audit dealing with internal control and may question its usefulness. Regardless of the size of your client or audit budget, there are specific requirements in the standards related to auditing internal control over financial reporting. In this course, you will learn about the impact internal control has on your audit engagements, the common misconceptions detected through peer review, and how to avoid them in your practice.

Take control of your audit

Complete this course to help you improve audit quality by becoming aware of and avoiding common financial statement audit missteps related to internal control over financial reporting.

Who Will Benefit

Practitioners who perform audit engagements

Key Topics

  • The audit risk model
  • Key steps in evaluating internal control
  • Missteps in evaluating internal control

Learning Outcomes

  • Recognize the definition of a control and what encompasses a client’s internal control.
  • Recall the intent of AU-C section 315, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, and AU-C section 330, Performing Audit Procedures in Response to Assessed Risks and Evaluation the Audit Evidence Obtained, and how the requirements should be interpreted.
  • Recognize your responsibilities when gaining an understanding of your client and its internal control.
  • Identify the impact of a client’s internal control on your risk assessment and the nature, timing, and extent of further procedures.
Credit Info
CPE Credits
Online
2.5
NASBA Field of Study
Auditing
Level
Basic
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$69.00
AICPA Members
Online
$59.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Instructors
AICPA
Accessibility

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 adaaccessibility@aicpa-cima.com 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.

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Take Control of Your Audit - Avoid Common Internal Control Missteps
Select from the following options:
Online
$69.00
Nonmember Price
$69.00
Price excluding sales tax
$69.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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