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Surgent's Surging Auditors: Internal Out of Control

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26 / S-60441
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Member Price
$49.00 Regular Registration
Your Price
$51.00 Regular Registration
Designed For:

Accounting and financial service professionals needing a refresher on internal control testing plans and related standards

Prerequisite:

None

In this hands-on game, participants are helping to prepare an internal control testing plan for Home D‚cor & More (HDM). They must assess controls related to HDM's inventory cycle to determine which financial statement assertions each control satisfies, the quality of the control's design, and whether there is adequate segregation of duties. Then, they will complete the HDM control testing plan, including the level of reliance to place on each control and the test of control methods. Each participant wants to be spot-on with the evaluation before submitting the information to a manager for feedback.

Delivery Method: Download
CPE Credit: Auditing
Program Level: Basic

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.

Objectives

  • Explain the professional standards related to and rationale for understanding and testing internal controls  
  • Discuss the professional standards related to testing controls for operating effectiveness  
  • Illustrate the appropriate level of linkage between the work performed in testing internal controls, control reliance and reporting on internal controls  
  • Identify impact of a control reliance strategy on the detailed audit plan

Advanced Preparation

None

Vendor

The Virginia Society of CPAs (VSCPA) 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: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.