Surgent's Properly Evaluating the Design and Operating Effectiveness of Internal Controls (EDIC)

Course Details

Date

Self-Study

Location

Online

Field of Study

Accounting & Audit

CPE Credit

2 hours CPE credit

Level of Knowledge

Beginning

Vendor

Surgent McCoy CPE, LLC

Prerequisites

None

Description

An important internal control procedure includes both evaluating the design and implementation of internal controls, which is required on all financial statement audit engagements. An important internal control consideration includes whether to test the operating effectiveness of controls for control reliance, which should be considered as part of the risk assessment procedures to properly evaluate audit risk. Internal control is one of the most commonly misunderstood and misapplied aspects of the financial statement audit process, particularly given the recent significant changes in auditing standards. Mistakes in this area have the greatest likelihood of being identified as deficiencies in peer or regulatory review, but also directly impact audit efficiency.

Designed For

Anyone responsible for evaluating internal control design or operating effectiveness on a financial statement audit

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee
$39.00

Non-Member Fee
$39.00

Your Price
$39.00

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