System of internal control overview
Whether you are in public accounting, or working in corporate, government, not-for-profit, or private entity auditing, knowledge of the system of internal control is essential to your work. You can enhance your understanding of various topics, including:
- The concept of the system of internal control over financial reporting
- Auditor requirements regarding ICFR
- Personal certifications related to the system of internal control under the Sarbanes-Oxley Act.
COSO Deep-dive
You will also explore the COSO comprehensively, covering areas such as:
- The COSO Internal Control—Integrated Framework
- The COSO Points of Focus, a critical tool in evaluating the COSO Framework
- IT General Controls
Who Will Benefit
- Recently onboarded staff
- First-year staff
- Firms that want consistent training and level setting
Key Topics
- Overview of auditor requirements regarding ICFR
- The COSO framework today
- How the components fit together
- Walk-throughs
Learning Outcomes
- Identify auditor requirements regarding the COSO framework and its major elements.
- Recall the relationship between risk assessment and assessment of the system of internal control.
- Recall the steps in the process of a walk-through of controls on an engagement.