Auditing CPE Course on Internal Control Fundamentals for CIA, CPA

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Internal Control Fundamentals: Satisfying Audit Requirements for Evaluating Design and Implementation

Learning Objectives

To describe how to properly obtain an understanding of the entity and its environment, including internal control to properly assess the risk of material misstatement.
To discuss the COSO Internal Control-Integrated Framework.
To explain important considerations in documenting a systems description narrative.
To describe how to evaluate internal control design and implementation for deficiencies
To analyze how to apply insights to the process of assessing the risk of material misstatement.

Course Description

Obtaining an understanding of the entity and its environment is part of assessing the risk of material misstatement, to designing the nature, timing, and extent of further audit procedures necessary to obtain sufficient appropriate audit evidence to support the auditor’s report.

A critical component of understanding the entity and its environment is to evaluate the design and implementation of internal control over financial reporting.

Successful development of a cost-effective internal control system and its implementation is balanced on a very thin line. Therefore, it is tricky. Organizations that can develop and implement internal control can reap the following benefits for the business.

Despite its several advantages, for some businesses, it has been difficult to successfully devise an internal control strategy that is without loopholes and supports overall objectives set by the business.

This CPE webinar is a key input provider in developing cost-effective internal controls for businesses that increase the efficiency of the business. It is designed to take the participant through the process of developing cost-effective internal controls for businesses.

Major Topics Covered in this CPE Auditing Webinar:

Responsibilities for gaining an understanding of the entity and its environment.
Evaluating Design and Implementation.
The inter-relationship of the five foundational components of the COSO Internal Control-Integrated Framework.
Overview of Control Activities.
Various methods for documenting and evaluating the design and implementation of internal control over financial reporting.
Identifying critical elements of entity-level and transactional-level controls.
Key Controls Related to Cash Receipts.
Smaller Entity Considerations.
Case studies related to identifying deficiencies in internal control documentation.

Webinar Qualifies For

2 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
2 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
2 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
2 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
2 CPE Credit of Auditing for Certified Management Accountants (CMA)
2 CPE Credit of Internal Audit function for Certification in Risk Management Assurance (CRMA)
2 CPD Credit of Auditing for Certified Financial Forensics (CFF)
2 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
2 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)
2 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
2 CPE Credit of Internal Controls for Certified Internal Controls Auditor (CICA)
2 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
2 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
2 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
2 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)
2 CPE Credit of Internal Controls for Certified Controls Specialist (CCS)

About Instructor

Jennifer Louis, CPA (US)

President, Emergent Solutions Group LLC

Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys.

Additional Information

Duration

2 Hours

Course Level

Basic

Instructional Method

Group Internet Based

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.5

Excellent

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Average

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Terrible

Lance Landry, CPA (US)

The webinar was presented in a great manor. The material was explained in great detail and included good examples. The flow of the lecture did not drag on and was easy to follow. I would definitely take more webinars instructed by Ms. Jennifer Louis.

Dennis Mcbride, CPA (US)

Ms Louis was great. She had great energy and enthusiasm. Hard to keep us engaged for 2 hours but she did. Jokes were not theist but she gets credit for trying something new.

Carl Swoboda, CPA (US)

The topic was something that I did not know a lot about. The speaker showed sliced and talked her way through it. There needs to be more case studies.

JRD

Joseph Richard Dellefave, CPA (US)

third webinar with this presenter...good grasp of subject...good presenter

Nicole Whitsel, CRMA, CIA

I truly love these courses. So well put together.

2 Credits

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Subject Area

Auditing

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Internal Control Fundamentals: Satisfying Audit Requirements for Evaluating Design and Implementation

Course Details

Learning Objectives

Course Description

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Jennifer Louis, CPA (US)

Other Details

Additional Information

2 Hours

Basic

Group Internet Based

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.5

Lance Landry, CPA (US)

Dennis Mcbride, CPA (US)

Carl Swoboda, CPA (US)

Joseph Richard Dellefave, CPA (US)

Nicole Whitsel, CRMA, CIA

Subject Area

Unlimited Access Plan

Inclusions

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