Internal Control Fundamentals - Design and Implementation (C51585)


Cancellation Policy

Please note that this webinar Is from a third party vendor, CPA Crossings. We strongly recommend registering no later than one-hour before the webinar begins. Please contact CPA Crossings webinar hotline if you do Not receive your webinar invitation via email within five minutes after registering:  877-370-2220 ext. 1. Thank you.

Date(s):

01/26/2022

Registration Open:

12:00 AM - 12:32 PM

Time:

12:32 PM - 2:32 PM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

2.00

Field(s) Of Study:

Auditing (2.00)

Level of Knowledge:

Basic

Price:

Member: $79.00
Nonmember: $99.00

Individual Discounts:

Not Available

Overview

After attending this presentation you will be able to:

  • Describe how to properly obtain an understanding of the entity and its environment, including internal control, in order to properly assess risk of material misstatement
  • Discuss the COSO Internal Control - Integrated Framework
  • Explain important considerations in documenting a systems description narrative
  • Describe how to evaluate internal control design and implementation for deficiencies and how to apply insights to the process of assessing risk of material misstatement

Highlights

The major topics covered in this class include:

  • Responsibilities for gaining an understanding of the entity and its environment
  • The inter-relationship of the five foundational components of the COSO Internal Control - Integrated Framework
  • Various methods for documenting and evaluating the design and implementation of internal control over financial reporting
  • Identifying critical elements of entity-level and transactional-level controls
  • Case studies related to identifying deficiencies in internal control documentation

Speaker(s)

Prerequisites

None