This CPE course can be purchased individually, or as a part of the Audit Staff Essentials - Experienced In-Charge/Senior training bundle.
Understand risk assessment.
Review the key concept of risk assessment, with a focus on internal controls. Understand identification and testing of automated and information technology general controls.
Internal control.
Consider deficiencies in internal control, including deficiencies in automated controls and information technology general controls.
Understand the concept of severity and steps taken for aggregating found deficiencies, as well as the impact of compensating and monitoring controls.
Consider common peer review and inspection findings with regard to internal control to prevent them from recurring.