CPE & Events Catalog
The Role of Internal Control in the Risk-Based Audit
This program addresses the role of client internal controls for balancing efficiency and effectiveness in a risk-based audit. Practical insights regarding an auditor's assessment of the risk of material misstatement when auditing financial statements of non-issuers will be explored, with particular emphasis on internal controls of small-to-medium clients. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
This event may be a rebroadcast of a live event and the instructor will be available for your questions during the event.
Highlights
The major topics that will be covered in this course include:
- Specific matters auditors should consider when obtaining and documenting an understanding of the client's internal control system
- Development of a tailored audit approach that considers the potential reliance on internal controls
- Guidance for establishing an adequate basis for reliance on internal controls of less formal, smaller clients
Field of Study: Auditing
Advanced Prep
None
Who Should Attend
CPAs in public practice and members in industry.
Required Knowledge
Basic working knowledge of the audit process.
