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Internal Control: How Does It Impact an Audit? Logo aicpa

  Lynn Fountain, CGMA, CRMA, MBA |   Free |   AICPA |   30 Nov 2017 |   Auditing |   AICPA Store

The purpose of this webcast is to help auditors utilize a risk-based approach along with a controls assessment within their engagements to enhance audit quality. Auditors continue to struggle with effective and efficient execution of the Risk Assessment Standards. Common deficiencies include an overreliance on checklists and inadequate documentation of audit risk assessment, including linkage of audit risks to internal controls over financial reporting. The AICPA Peer Review team continues to see common audit deficiencies relating to these issues. Make sure you are in full compliance with all of today's standards!

Topics Discussed

  • Audit process and planning
  • Assessment of the risk of material misstatement and the design and implementation of internal controls utilizing the 2013 revised COSO framework
  • Procedures to test the effectiveness of controls
  • Sampling and non-sampling tests to support the state audit objective
  • Severity of controls deficiencies
  • Required communications

Learning Objectives

When you complete this webcast you will be able to:

  • Recall key concepts in the risk assessment standards, including various requirements related to internal controls assessment.
  • Recognize common implementation issues and solutions.

Who Should Attend This Event?

  • Auditors who face the challenges of applying the risk assessment requirementS

Important Information on Your CPE Credit


Group Viewing Option

Gather the team together and attend this webcast as a group. Each attendee will earn CPE Credit. Enter the number of attendees in the quantity box above.

Number of Attendees Non-Member Member

1 - 4

$199 $159

5 - 9

$179 $145

10 - 20

$169 $135

21 +

$159 $129

Your order confirmation will include an instruction document for group viewing and earning CPE credit (please review prior to the start of the event) and information on how to access the webcast.

Topics covered:
  • Assurance: Technical: Audit: Audit risk assessment, Foundational
  • Assurance: Technical: Audit: Sampling, Foundational
  • Assurance: Technical: Audit: Internal control, Foundational