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Obtaining an Understanding of Internal Control (1 hour)

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1.0 Credits

Member Price $71.00

Non-Member Price $82.00

Overview

Gain a basic understanding of internal control and how it relates to risk assessment through the lens of a financial statement auditor - insightful for entity management and internal auditors.

Highlights

  • Various definitions and aspects of internal control, including separation of duties and safeguarding of assets
  • Key aspects of internal control from various organizations, such as COSO, SEC, and PCAOB
  • Factors to consider, for example, industry, regulation, and nature of the entity
  • Risk assessment procedures, namely inquiry, analytical procedures, and observation and inspection, as well as brainstorming

    Designed For

  • Financial statement auditors
  • Internal auditors
  • Entity management involved in financial statement audits

    Objectives

    • Recognize the importance of understanding internal control.
    • Recall factors and procedures that an auditor should consider when obtaining an understanding of the entity and its environment, including internal control.
    • Recall definitions and key aspects of internal control from various organizations.

    Notice

    “Adding to Calendar” does not register you for this event. Please either register online by clicking “Add to Cart” or contacting OSCPA at 503-641-7200 / 800-255-1470, ext. 3. Thank you!

    • Non-Member Price $82.00

    Member Price $71.00

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