Webcast: Internal Control: How Does It Impact an Audit? (XACL4AUIC18)
Tell a Friend About This EventTell a Friend
 

The purpose of this webcast is to help auditors utilize a risk-based approach along with a controls assessment within their engagements to enhance audit quality. Auditors continue to struggle with effective and efficient execution of the Risk Assessment Standards. Common deficiencies include an overreliance on checklists and inadequate documentation of audit risk assessment, including linkage of audit risks to internal controls over financial reporting.

1/16/2018
When: 01/16/2018
12:00 PM until 4:00 PM
Where: Webcast
AICPA
1407755:92A61358A19AF84F30F719061EE84471
United States
Presenter: Lynn Fountain


Online registration is closed.
« Go to Upcoming Event List  

Acronym XACL4AUIC18
CPE 4 hours
Vendor AICPA
Category
A&A
Level Basic
Prerequisite None
Adv Prep None
Yellow Book? No
Registration Fees
Members* $159
CPA Non-Members $199

*The member rate applies to LCPA members, other state CPA society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

The purpose of this webcast is to help auditors utilize a risk-based approach along with a controls assessment within their engagements to enhance audit quality. Auditors continue to struggle with effective and efficient execution of the Risk Assessment Standards. Common deficiencies include an overreliance on checklists and inadequate documentation of audit risk assessment, including linkage of audit risks to internal controls over financial reporting. The AICPA Peer Review team continues to see common audit deficiencies relating to these issues. Make sure you are in full compliance with all of today’s standards!

Objectives

  • Recall key concepts in the risk assessment standards, including various requirements related to internal controls assessment.
  • Recognize common implementation issues and solutions.

Major Topics

  • Audit process and planning
  • Assessment of the risk of material misstatement and the design and implementation of internal controls utilizing the 2013 revised COSO framework
  • Procedures to test the effectiveness of controls
  • Sampling and non-sampling tests to support the state audit objective
  • Severity of controls deficiencies
  • Required communications

Note: Login instructions will be provided by the webcast vendor (AICPA).