New Staff: Introduction to Internal Controls

Overview

This CPE course can be purchased individually or as part of the Audit Staff Essentials - New Staff: Practical Application staff training bundle.

Gain an understanding of the COSO Internal Control-Integrated Framework and the concept of internal control over financial reporting, which will be part of your work environment whether you are in public accounting, corporate, government, not-for-profit, or private entity auditing.

Understand the role of personal certifications regarding internal control under the SarbanesOxley Act.

Be up to date on expanded discussions of the COSO Points of Focus, a critical tool in evaluating the COSO Framework as well as an introduction to IT General Controls.

Highlights

Key Topics

• Overview of auditor requirements regarding ICFR
• The COSO framework today
• How the components fit together
• Walk-throughs

Prerequisites

None

Designed For

Who Will Benefit

• Recently onboarded staff
• First-year staff
• Firms that want consistent training and level setting

Objectives

Learning Outcomes

• Identify auditor requirements regarding the COSO framework and its major elements.
• Recall the relationship between risk assessment and internal control assessment.
• Recall the steps in the process of a walkthrough of controls on an engagement.