The Crucial Connection - Why You Should Care About Your Client's System of Internal Control

Thursday, January 16 12:00pm - 1:30pm CST

Webinar

1.50 Credits

Member Price $94.00

Non-Member Price $118.00

Overview

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.

Highlights

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

Prerequisites

none

Designed For

Practitioners who perform audit engagements

Objectives

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.

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by AICPA.