Those charged with governance, with the assistance of internal audit, are responsible for overseeing the strategic direction of the organization, and ensuring value is delivered to the entity's stakeholders. This course will provide guidance on fulfilling the responsibility for challenging how much risk and uncertainty to accept through the application of COSO's Enterprise Risk Management Framework.
DESIGNED FOR
Anyone who performs audits
BENEFITS
- Describe the importance of maintaining professional skepticism
- Explain critical elements of high-quality audit documentation
- List the characteristics of a proper risk assessment process linked to the detailed audit plan
- Describe how to satisfy the minimum requirements for evaluating the design and implementation of internal controls relevant to the audit
HIGHLIGHTS
- Professional skepticism – Creating a mindset for finding fraud and error
- Audit documentation basics – Creating workpapers that pass review
- The audit risk model – Understanding the foundational principles
- Internal control fundamentals - Satisfying the requirements for evaluating the design and implementation of internal control over financial reporting
PREREQUISITES
None
ADVANCE PREPARATION
None