CPE Credits: 2

Field of Study 1: Auditing

Program Level (Basic, Update, Intermediate, Advanced, Overview): Intermediate

Prerequisites: Audit experience

Advanced Preparation: None

Instructional Delivery Method: Group Internet Based

Course Registration Requirements: Online Registration

Designed For: Accountants in public and private practice responsible for designing, evaluating and/or monitoring internal controls over financial reporting

Refund/Cancellation Policy: Please contact the ACPEN help desk - 1-800-747-1719 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Complaint Resolution Policy: Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).

Official Registry Statement: Business Professionals' Network, Inc. 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org

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 reportingThis course will provide practical guidance on exactly what a sound system of internal controls looks like, and the resulting impact on the financial statement auditThe program qualifies towards the 24-hour Yellow Book requirement.

OBJECTIVES: 

* Understand key components of internal controls and the important role each plays                                                                                       * Be able to test controls for operating effectiveness                            * Differentiate an external financial statement auditor's responsibilities related to internal controls depending on the professional or regulatory standards being followed

HIGHLIGHTS:

* The evolution of internal controls theory and practice, including emerging guidance specific not-for-profit entities                                   * Comparing and contrasting specific types of internal controls             * Evaluating design and implementation of an entity's design on internal controls                                                                                      * An external auditor's responsibility for evaluating and communicating identified deficiencies in internal controls through the financial statement and compliance audits

 
PREREQUISITE: Audit experience
RECOMMENDED CPE: 2 credit hours
FIELD OF STUDY: Auditing
COURSE LEVEL: Intermediate
INSTRUCTOR:  Jennifer Louis, CPA