Internal Control – Testing for Operating Effectiveness
Description
Properly designed and effectively operating internal control over financial reporting is critical for preventing, or detecting and correcting, material misstatement. This course describes how to satisfy the audit requirements related to taking a control reliance strategy by testing the operating effectiveness of internal controls, while promoting an effective and efficient financial statement audit.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Objective
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
Advanced Preparation
None
Required Knowledge
None
Who Should Attend
Accountants who have responsibility for evaluating the design and operating effectiveness of controls in a financial statement audit
Credit Types
- CPE – Auditing
- Yellowbook
Registration Fees
| Registration | Type | Price |
|---|---|---|
| WRX78226: Registration – Member | Mem | $105 |
| WRX78226: Registration – Non-Member | NM | $230 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.