Surgent's Internal Control Testing for Operating Effectiveness (Audit Skills Training - Level 3) (Self-Study)
Valid for one year from purchase date
Auditing - Technical (3.0)
Standard member fee
Standard nonmember fee
to receive member fee.
Properly designed and effectively operating internal control over financial reporting is critical for preventing, or detecting and correcting, material misstatement. This module will describe how to satisfying the audit requirements related to internal control, while promoting an effective and efficient financial statement audit.
Who should take this program?
Accountants who have responsibility for evaluating the design and operating effectiveness of controls in a financial statement audit.
Interrelationships of the COSO Internal Control -- Integrated Framework
Leveraging both preventive and detective control activities
SAS requirements related to testing controls for operating effectiveness
Designing the nature, timing and extent further audit procedures
Responses when deviations are discovered when evaluating the design or operating effectiveness of internal control
Leveraging audit evidence available through Service Organization Control Reports
General computer control considerations
Explain the interrelationship between the five components of the COSO Internal Control -- Integrated Framework
Discuss the SAS requirements related to testing controls for operating effectiveness
Describe the use of Service Organization Control Reports on a financial statement audit
Identify impact of a control reliance strategy on the detailed audit plan
NASBA ID#: 103212
Familiarity with SASs and FASBs