This CPE course, designed for new staff, discusses the COSO internal control framework and the auditor's responsibilities for internal control over financial reporting.
Learning Objectives
Identify auditor requirements regarding the COSO framework and its major elements.;Recall the relationship between risk assessment and internal control assessment.;Recall the steps in the process of a walkthrough of controls on an engagement.
Major Topics
Overview of auditor requirements regarding ICFR;The COSO framework today; How the components fit together ; Walk-throughs
