Description
This CPE course, designed for new staff, discusses the COSO internal control framework and the auditor's responsibilities for internal control over financial reporting.
Designed For
- Recently onboarded staff
- First-year staff
- Firms that want consistent training and level setting
Objectives
- Identify auditor requirements regarding the COSO framework and its major elements.
- Recall the relationship between risk assessment and internal control assessment.
- Recall the steps in the process of a walkthrough of controls on an engagement.
Highlights
- Overview of auditor requirements regarding ICFR
- The COSO framework today
- How the components fit together
- Walk-throughs