Surgent's Internal Control Fundamentals (Audit Skills Training - Level 1) (Self-Study)

Code: JSODA1M7

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 3.0
Field(s)
of study
Auditing - Technical (3.0)
Fees
Standard member fee $54.00
checkmarkStandard nonmember fee $54.00

Members: Please log in to receive member fee.

Description

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.

Who should take this program?

Professionals new to evaluating the design and implementation of internal control

Major subjects

  • 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
  • Critical elements of entity-level and transactional-level controls
  • Case studies related to identifying deficiencies in internal control documentation

Learning objective(s)

  • Describe how to properly obtain an understanding of the entity and its environment
  • 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

Notes:

Course code Code JSODA1M7
Sponsor Surgent
NASBA ID#: 103212
Level Basic
Format Self-Study (On-Demand)
Prerequisites Prereq. None
Advance
prep
None