Webcast: Internal Controls and Risk Assessment: Key Factors in a Successful Audit (WBICRA316)
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When: 12/12/2016
9:30 AM until 5:30 PM
Where: Webcast
United States
Presenter: Melissa G. Critcher, CPA

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Acronym WBICRA316
CPE 8 hours
Vendor AICPA
Accounting & Auditing
Level Basic
Yellow Book No
Prerequisite None
Who should attend Practitioners responsible for or involved in financial statement audits
Members $249
CPA Non-Members $319

The Member rate applies to LCPA members, reciprocal state 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.


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 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.


When you complete this course you will be able to:

  • 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.


  • 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