Auditing - Evaluations for Internal Controls 3 CPE

Course Duration: 3 Hours

Course Rating:

Course Enrollments: 283 Enrolled

Mode of Delivery: on_demand

Course Level: Basic

Study Area: Auditing

This course describes the importance of internal controls and the purpose of audit committee, review the goals for internal controls and discusses the internal control framework used by most companies based in the United States, describes the interrelated components for an effective internal control system, discusses the importance of identifying audit risk and covers the difference between control deficiency, significant deficiency, and material weakness.

Prerequisites

No advanced preparation or prerequisites are required for this course.

Learning Objective

Identify the purpose of internal controls.
Identify the purpose of an audit committee.
Recognize the goals for internal controls.
Recognize the internal control framework used by most companies based in the United States.
Identify the interrelated components for an effective internal control system.
Recognize the purpose of identifying audit risk.
Recognize the difference between control deficiency, significant deficiency and material weakness.

Last updated/reviewed: March 20, 2024