New Staff: Introduction to Internal Controls
Available Anytime
Location:
Online
1Credits
Accounting and Auditing
Registration is Open
FICPA Members
Nonmembers
$109.00 Regular Price
Product Code: AI23-ASE2-ICT
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Auditing
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.
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.
Major Topics:
Key Topics
- Overview of auditor requirements regarding ICFR
- The COSO framework today
- How the components fit together
- Walk-throughs
Designed For:
Who Will Benefit
- Recently onboarded staff
- First-year staff
- Firms that want consistent training and level setting