It is imperative for public companies to produce quality financial reporting. This course will share insights into the latest SEC and PCAOB areas of emphasis and concern. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
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
Major Topics
The major topics covered in this class include:
- Generally accepted audit requirements related to testing controls for operating effectiveness
- Identifying key controls that may prove effective and efficient to test in a control reliance strategy
- Responses when deviations are discovered when evaluating the design or operating effectiveness of internal control
- Leveraging audit evidence available for Service Organization Control (SOC1) Reports
- General computer control considerations when evaluating the design and operating effectiveness of internal control over financial reporting
