CPE Course Understanding the COSO Framework for Internal Controls
October 26, 2022
8:45AM — 12:15PM
Location
Curriculum Auditing, Yellow Book
Field of Interest Accounting and Auditing, Yellow Book
Level Intermediate
Audit practitioners who are working on audits of non-public companies, as well asaccountants in industry who want to improve their entity's internal controls.
Objective
Participants will be able to:
- Describe the evolution of internal controls and its impact on the profession
- Recognize the professional requirements and guidance related to internal controlconsiderations in an audit, including their relationship to risk assessment
- Develop a basic understanding on how to test and audit internal controls
- Identify and assess the principles of the COSO Framework related to entity-levelcontrols that applies to the control environment, risk assessment, information andcommunication, and monitoring
- Apply and document understanding of control activities elements of the COSOFramework
Highlights
- Background on internal controls
- COSO Framework
- Understanding the design of controls at the entity level and at the activity level
- Control activities
Instructors
Prerequisites
Basic audit course orexperience
Developer
Kaplan Financial Institute
