Surgent's Internal Control Advanced Concepts (Audit Skills Training - Level 4) (Self-Study)
Valid for one year from purchase date
Auditing - Technical (3.0)
Standard member fee
Standard nonmember fee
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Internal controls are applied within an organization to satisfy objectives related to operations, compliance, and financial reporting. This module will provide practical analysis and tips for how a reporting entity can manage financial reporting risk in an effective and efficient way. This module will also differentiate the auditor's responsibilities for internal controls under Sarbanes Oxley, Government Auditing Standards and Single Audit Act requirements.
Who should take this program?
Accountants who are responsible for evaluating the design or internal controls on financial statement audits, including audits in conformance with compliance requirements
Evolution of internal control concepts
Revamped 2013 COSO Internal Control -- Integrated Framework
Designing an adequate "umbrella" of internal controls over financial reporting to prevent, or detect and correct, material misstatement due to fraud or error
Specific internal control considerations and sample documentation for smaller entities
Additional responsibilities for the audits in accordance with the Sarbanes-Oxley Act, Government Auditing Standards and Single Audit Act requirements
Discuss the evolution of internal control through the decades
Describe the revamped 2013 COSO Internal Control -- Integrated Framework, including how the various components and principles interrelate to form a strong system of internal control over reliable financial reporting
Explain important varying audit considerations, such as Sarbanes-Oxley, Government Auditing Standards, and Single Audit Act requirements
NASBA ID#: 103212
Experience on basic audit engagements