Webinar

The Role of Internal Control in the Risk-Based Audit

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This program addresses the role of client internal controls for balancing efficiency and effectiveness in a risk-based audit. Practical insights regarding an auditor's assessment of the risk of material misstatement when auditing financial statements of non-issuers will be explored, with particular emphasis on internal controls of small-to-medium clients. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

This event may be a rebroadcast of a live event and the instructor will be available for your questions during the event.

Major subjects

• 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

Learning objectives

• 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

Who should take this program?

• CPAs in public practice and members in industry

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $149.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

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April 25, 2025 | The Role of Internal Control in the Risk-Based Audit | Webinar

April 26, 2025 | Internal Controls Over Compliance vs. Compliance | Webinar

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