The Crucial Connection - Why You Should Care About Your Client's System ofInternal Control

Presented by Ashley Williamson,Erin Burlew

Presentation type = pre-record/rebroadcast

Conduct risk assessment the right way
Regardless of the size of your client or audit budget, there are specific requirements in accounting standards and generally accepted auditing principles (GAAP) related to auditing internal control for risk assess

Practitioners who perform audit engagements

• Recognize auditors' responsibilities when gaining an understanding of a client and its environment, including its system of internal control.
• Recognize which controls require design & implementation evaluation.
• Recognize auditors' responsi

The audit risk model

Key steps in understanding and evaluating your client's system of internal control

Learn how to identify IT applications and IT controls relevant to the audit

Apply risk assessment requirements to less complex entities