The Crucial Connection - Why You Should Care About Your Client's System of Internal Control
Learn why your client's system of internal control is important to achieving an effective and efficient audit. Gain an understanding of how to identify which IT applications and IT controls are relevant.
Format
Webcast
NASBA Field of Study
Auditing
Level
Basic
CPE Credits
1.5
Instructor
Ashley Williamson, Erin Burlew
Availability
Product Number
WC4466897
Conduct risk assessment the right way
Regardless of the size of your client or audit budget, there are specific requirements in accounting standards and generally accepted auditing principles (GAAP) related to auditing internal control for risk assessment purposes.
Take a deep dive into understanding your audit client's system of internal control to perform a more effective and efficient audit. Lookup fields should be configured in the field menu dropdown
Key Topics
- The audit risk model
- Key steps in understanding and evaluating your client's system of internal control
- Learn how to identify IT applications and IT controls relevant to the audit
- Apply risk assessment requirements to less complex entities
- Examples of risks arising from the use of IT and general IT controls
Learning Outcomes
- Recognize auditors’ responsibilities when gaining an understanding of a client and its environment, including its system of internal control.
- Recognize which controls require design & implementation evaluation.
- Recognize auditors’ responsibilities specific to risks arising from the use of IT and general IT controls.
Who Will Benefit
Practitioners who perform audit engagements
Group ordering for your team
2 to 5 registrants
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