Course ID: AUDITIT

Conducting and Documenting IT Assessments in the Course of a Financial Audit

AU-C Section 315.19 requires an external financial auditor to obtain an understanding of the information systems of an auditee, including how the information system captures events and conditions, other than transactions, that are significant to the financial statements. This course is designed to help financial auditors gain comfort with general and application IT control concepts. Participants will learn what areas are the most important to emphasize in specifically considering internal controls over financial reporting (ICOFR), as well as what red flags might mean and if you want to bring in an IT expert.


LEARNING OBJECTIVES
  • Recognize the red flags during a financial audit
  • Decide as to whether the contols in place warrant the help of an IT expert
  • Recognize how information systems capture events and conditions
  • Assess what areas are most important when considering internal controls vs. financial reporting

MAJOR TOPICS
  • Events and conditions captured by information systems
  • General and application IT concepts
  • Areas of importance when considering internal controls vs. financial reporting

DESIGNED FOR
All levels of staff

FIELD OF STUDY
Auditing

PREREQUISITES
None

COURSE PRODUCER
Business Learning Institute

CPE CREDITS
2.0

LEVEL
Basic

This course is available for your group as:

Group Live
 

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