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Internal Controls Design, Evaluation and Communication for Not-for-Profits (17W899-14)

Description

Significant changes in the auditing industry have highlighted the
necessity for all entities, regardless of nature, size and complexity,
to have a well-designed and effectively operating system of internal
controls over reliable financial reporting. This course will provide
practical guidance on exactly what a sound system of internal controls
looks like, and the resulting impact on the financial statement audit.
The program qualifies towards the 24-hour Yellow Book requirement.

Learning Objectives
  1. Understand key components of internal controls and the important role each plays
  2. Be able to test controls for operating effectiveness
  3. Differentiate an external financial statement auditor's responsibilities related to internal controls depending on the professional or regulatory standards being followed
Major Topics
  1. The evolution of internal controls theory and practice, including emerging guidance specific not-for-profit entities
  2. Comparing and contrasting specific types of internal controls
  3. Evaluating design and implementation of an entity's design on internal controls
  4. An external auditor's responsibility for evaluating and communicating identified deficiencies in internal controls through the financial statement and compliance audits
Course Level
Intermediate
CPE Field of Study
Auditing
2
Prerequisites
Audit experience
Location
Online
Event Information
When
Jan 29, 2014
12:00 pm - 2:00 pm EST
Location
Online
Total CPE Credits
2
Format
Webcast Replay

Register for this Event

Internal Controls Design, Evaluation and Communication for Not-for-Profits (17W899-14)


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