Audit Planning - Part 5
SKU: 09-059-01-CPE
Credit Hours: 1
Level: Intermediate
CPE Category: Auditing
Requires Prerequisites or Advanced Preparation: No
Delivery Method: Online Group/Internet based
Instructor: Andrew Clark, EA.
Course Description:
Audit Planning - Part 5 is the fifth webinar in a five-part webinar series that will review the audit planning process. This webinar series will discuss the important of evaluating materiality and risk, which will impact the auditor's planned audit evidence.
At the end of this webinar series, students will be able to:
- Identify the purpose of internal controlsd
- Recognize the internal control framework used by most companies based in the United Statesd
- Identify the interrelated components for an effective internal control systemd
- Recognize the purpose of identifying audit riskd
- Recognize the difference between control deficiency, significant deficiency and material weaknessd
- Identify why materiality is important for an audit of financial statementsd
- Make a preliminary judgment about what amounts to consider materiald
- Identify the audit risk model and its componentsd
- Recognize the impact of engagement risk on acceptable audit riskd
- Recognize the relationship of risks to audit evidenced
- Identify the three types of fraudd
- Identify the SAS that provides guidance to auditors in assessing the risk of fraudd
- Recognize the three elements identified by the AICPA to prevent, deter, and detect fraudd
- Recognize who is responsible for identifying and measuring fraud risks and taking steps to mitigate identified risksd
- Identify the procedures to address the risk of management overriding internal controls that are otherwise operating effectivelyd
- Recognize the characteristics of different types of fraud