Understanding Audit Phases: Identifying and Assessing Internal Controls
AU-C 315 requires the auditor to gain an understanding of the entity and its environment, which includes obtaining an understanding of internal controls. This course will cover the COSO framework, as well as introduce the responsibilities of the auditor for the identification and assessment of internal controls in audit engagements.
Upon completion, learners will be able to:
1. Recall risk assessment procedures relating to internal controls
2. Recall components of the COSO framework
Suggested Staff Level:
New Hire / First Year
CPE Credits:
2 Credits
Program Level:
Basic
Instructor:
Jaclyn M. Veno
Prerequisites:
None
Advanced Preparation:
None
