|Available Formats:||Text | See All|
Previously Titled: Assessment and Reporting Internal Control Deficiencies Identified in an Audit
It is important for auditors to understand the practical issues related to applying the provisions of AU-C 265, Communicating Internal Control Related Matters Identified in an Audit. Examine those provisions and learn to apply the concepts of the SAS, including identifying, evaluating, and communicating identified deficiencies in internal control.Objectives:
This course explains how to evaluate the severity of deficiencies in internal control that are identified in the audit. Learn how to communicate deficiencies to management and those charged with governance. Gain a better understanding of how compensating controls can mitigate a deficiency in internal control, and explore how and when to report deficiencies in internal control.
Prerequisite: Experience with accounting processes and internal control. Familiarity with COSO Internal Control framework is helpful.
Advanced Preparation: None