Surgent's Internal Control Fundamentals (Audit Skills Training - Level 1) (Self-Study)
Valid for one year from purchase date
Auditing - Technical (3.0)
Standard member fee
Standard nonmember fee
to receive member fee.
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
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
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
NASBA ID#: 103212