CONTACT THE BUSINESS LEARNING INSTITUTE
Name*
Email Address*
Phone Number:
Message:
Please enter the following text in the box below:
captcha
ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
FOLLOW BLI:
Internal Controls and Risk Assessment: Key Factors in a Successful AuditCOURSE ID: ICRA
DESCRIPTION

Under generally accepted auditing standards (GAAS), all auditors are required to follow a risk-based approach to auditing. The consideration of internal control is key to risk assessment and to the determination of the overall audit approach. Understand the requirements in a financial statement audit for understanding internal control and assessing the design and implementation thereof. The focus of this course is to help you get it right! Throughout the course we’ll enhance your understanding with exercises designed to illustrate how the concepts apply to practical audit situations.

DESIGNED FOR: Practitioners responsible for or involved in financial statement auditsFIELD OF STUDY: AuditingLEVEL: BasicPREREQUISITES: NoneCOURSE PRODUCER: AICPACREDITS: 8.0OBJECTIVES:
  • Recall the professional requirements relating to internal control considerations in a financial statement audit, including their relationship to risk assessment.
  • Recognize how to implement the requirements in practice.
HIGHLIGHTS:

• The requirement to assess internal control • COSO’s integrated framework • Internal control as a part of risk assessment • Testing internal controls and controls reliance • The use of a service organization in the context of an entity’s system of control • IT general control and application controls • Documenting the control assessment • Assessing and communicating deficiencies • Efficient and effective practices

INSTRUCTOR
-TBD-
Download the 2016 Business Learning Institute Course Catalog DOWNLOAD PDF
Business Learning Institute - Course Catalog
SUBSCRIBE TO THE BLI BLOG