Events Search
  Summary & Check Out (0)

Internal Control Fundamentals - Design and Implementation (Z2-330)

100 Minutes
On demand - Video

On Demand - Video

2 CPE Credits in AA

OVERVIEW

Obtaining an understanding of the entity and its environment is part of assessing risk of material misstatement, in order to design the nature, timing, and extent of further audit procedures necessary to obtain sufficient appropriate audit evidence to support the auditor's report. A critical component of understanding the entity and its environment is to evaluate the design and implementation of internal control over financial reporting.

BENEFITS

  • Responsibilities for gaining an understanding of the entity and its environment
  • The inter-relationship of the five foundational components of the COSO Internal Control - Integrated Framework
  • Various methods for documenting and evaluating the design and implementation of internal control over financial reporting
  • Identifying critical elements of entity-level and transactional-level controls
  • Case studies related to identifying deficiencies in internal control documentation

HIGHLIGHTS

  • Describe how to properly obtain an understanding of the entity and its environment, including internal control, in order to properly assess risk of material misstatement
  • Discuss the COSO Internal Control - Integrated Framework
  • Explain important considerations in documenting a systems description narrative
  • Describe how to evaluate internal control design and implementation for deficiencies and how to apply insights to the process of assessing risk of material misstatement

COURSE LEVEL

Basic

PREREQUISITES

None

INSTRUCTOR

Jennifer Louis

Jennifer F. Louis, CPA

President

Emergent Solutions Group

Read bio

PRICING

$58.00 - Member

$78.00 - Nonmember

Event Cancelled

This event has been cancelled.

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

CPA Crossings