The Role of Internal Control in the Risk-Based Audit
Date/Time
3/6/2025
10:00 AM - 2:00 PM Central
10:00 AM - 2:00 PM Central
Course Registration
Credits
4 Credits
Event Type(s)
Webinars
Event Description
This program addresses the role of client internal controls for balancing efficiency and effectiveness in a risk-based audit. Practical insights regarding an auditor's assessment of the risk of material misstatement when auditing financial statements of non-issuers will be explored, with particular emphasis on internal controls of small-to-medium clients. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event. This event may be a rebroadcast of a live event and the instructor will be available for your questions during the event.
Objectives:
After attending this presentation you will be able to...
Identify minimum understanding and documentation requirements if the auditor does not intend to rely on internal controls.
Recognize internal controls of less-sophisticated, small-to-medium sized audit clients.
Utilize identified internal controls for an efficient, risk-based approach to audits conducted in accordance with generally accepted auditing standards.
Document your procedures and related conclusions
Instructor:
Chris Harper, CPA
Fields of Study:
Auditing
Major Topics:
Objectives:
After attending this presentation you will be able to...
Identify minimum understanding and documentation requirements if the auditor does not intend to rely on internal controls.
Recognize internal controls of less-sophisticated, small-to-medium sized audit clients.
Utilize identified internal controls for an efficient, risk-based approach to audits conducted in accordance with generally accepted auditing standards.
Document your procedures and related conclusions
Instructor:
Chris Harper, CPA
Fields of Study:
Auditing
Major Topics:
The major topics that will be covered in this course include:
- Specific matters auditors should consider when obtaining and documenting an understanding of the client's internal control system
- Development of a tailored audit approach that considers the potential reliance on internal controls
- Guidance for establishing an adequate basis for reliance on internal controls of less formal, smaller clients
Location
Webinar
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| 3/6/2025 |    |
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