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Monday, December 30, 2024 Live Webcast

The Role of Internal Control in the Risk-Based Audit (X4-6081869)

12:00 PM - 3:37 PM EST
webcast

Vendor Platform

4 CPE Credits in AA

OVERVIEW

This program explores the role of client internal controls for balancing efficiency and effectiveness in a risk-based audit. We offer practical insights regarding an auditor's assessment of the risk of material misstatement when auditing financial statements of non-issuers, with particular emphasis on internal controls of small-to-medium clients.

DESIGNED FOR

CPAs in public practice or members in industry

BENEFITS

  • Identify minimum understanding and documentation requirements if the auditor does not intend to rely on internal controls
  • Recognize internal controls of less-sophisticated, small-to-medium sized audit clients
  • Utilize identified internal controls for an efficient, risk-based approach to audits conducted in accordance with generally accepted auditing standards
  • Document your procedures and related conclusions

HIGHLIGHTS

  • Specific matters auditors should consider when obtaining and documenting an understanding of the client's internal control system
  • Development of a tailored audit approach that considers the potential reliance on internal controls
  • Guidance for establishing an adequate basis for reliance on internal controls of less formal, smaller clients

COURSE LEVEL

Intermediate

ADDITIONAL NOTES

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

INSTRUCTOR

Chris Harper

Chris Harper, CPA, M.B.A.

PRICING

$129.00 - Member

$159.00 - Nonmember

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Note: Online pre-registration will close on December 30 at 11:30 AM.

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COURSE DEVELOPER

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