February 21, 2023

Webinar

2 Total CPE Credits

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Webinar (CPA Crossings): Internal Control Fundamentals – Design and Implementation

  • Instructor

    Jennifer Louis

Obtaining an understanding of the entity and its environment is part of assessing risk of material misstatement, in order to design the nature, timing, and extent of further audit procedures necessary to obtain sufficient appropriate audit evidence to support the auditor’s report. A critical component of understanding the entity and its environment is to evaluate the design and implementation of internal control over financial reporting.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives

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

Major Topics

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

CPE Credits Available

2
Total CPE
2
Auditing

Things to Know About This Course

Course Level

  • Basic

Prerequisites

None

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

Professionals responsible for evaluating the design and implementation of internal control

Provider

CPA Crossings, LLC

This event has ended.