Webinar: Internal Control - Testing for Operating Effectiveness

WC532  |  Course  |  Basic  |  Scheduled

Description

Properly designed and effectively operating internal control over financial reporting is critical for preventing, or detecting and correcting, materia

Credits

Number of Credits Type of Credits
2.00 Auditing

Designed For

Accountants who have responsibility for evaluating the design and operating effectiveness of controls in a financial statement audit

Prerequisites

None

Highlights

The major topics covered in this class include:

  • Generally accepted audit requirements related to testing controls for operating effectiveness
  • Identifying key controls that may prove effective and efficient to test in a control reliance strategy
  • Responses when deviations are discovered when evaluating the design or operating effectiveness of internal control
  • Leveraging audit evidence available for Service Organization Control (SOC1) Reports
  • General computer control considerations when evaluating the design and operating effectiveness of internal control over financial reporting

Objectives

After attending this presentation you will be able to...

  • Discuss generally accepted audit requirements related to testing controls for operating effectiveness
  • Explain how to evaluate the results of a control reliance test for operating effectiveness
  • Describe the use of Service Organization Control (SOC1) Reports on a financial statement audit
  • Identify the impact of a control reliance strategy on a detailed audit plan

Preparation

None

Notes

Webinar Day - HELP and Assistance Instructions

  1. The session will open 30 minutes prior to the start time. At that time, you will receive a reminder email bringing you to your Attendee Dashboard and a link to join the webinar.
  2. We recommend you log in early to ensure you are ready to go when the presentation begins.
  3. IF YOU ARE HAVING TROUBLE LOGGING INTO THE WEBINAR, please call the CPA Crossings Customer Service Team at (877)-370-2220 Ext. #1.

Prices

Member (Early Bird)
$89.00
Non-Member (Early Bird)
$89.00
Member
$89.00
Non-Member
$89.00
Your Price: $89.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.