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Technical

Experienced In-Charge/Senior - Risk Assessment and Advanced Internal Control Logo aicpa

  $119.00 - 149.00 |   CPE: 2.0 |   AICPA |   Jan 2018 |   Auditing |   AICPA Store
Who Will Benefit?
  • Experienced in-charge auditors and audit seniors
Key Topics
  • Risk assessment
  • Internal control
  • Identifying deficiencies in internal control
  • ITGC and automated controls
Learning Objectives

This course will prepare you to do the following:

  • Identify the key considerations regarding risk assessment, including with respect to internal control.
  • Identify the considerations when identifying and testing automated and information technology general controls.
  • Analyze information regarding deficiencies, including levels of severity and special deficiencies.
  • Identify common deficiencies and consideration for automated and information technology general controls.
  • Analyze common peer review and inspection findings to avoid their recurrence.

This CPE course can be purchased individually, or as a part of the Audit Staff Essentials - Experienced In-Charge/Senior training bundle.

Risk assessment continues to be a key concept, receiving significant focus from peer reviewers and quality control inspectors. As such, this CPE module is designed to begin with a discussion of risk assessment to ensure that the concepts are well understood and adds a new layer focused on internal controls. Next, we will cover the identification and testing of automated and information technology general controls. From there, this module will change direction and begin to focus on the consideration of deficiencies in internal control, including a discussion of deficiencies in automated controls and information technology general controls.

This discussion will include the consideration of severity and steps taken for aggregating found deficiencies; a discussion of the impact of compensating and monitoring controls will follow. The module will wrap up by considering common peer review and inspection findings with regard to internal control.

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

Comments/Reflections