Auditing Internal Controls for Governments (Completed)

Date: Tuesday, June 15, 2021
Instructor: Robert K Minniti
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs

Auditing internal controls for a government entity is more subjective than auditing other areas of a client. There is no “one size fits all” set of internal controls. This course reviews the COSO Framework for Internal Control and discusses auditing a client’s internal controls. From conducting walkthroughs to hypothesis testing we will review the various aspects of auditing and evaluating internal controls.

This course will also review the component evaluation of the internal controls and will discuss the difference between sampling and using data analytics to test populations. We will specifically address the government auditing standards as they relate to internal controls.

Who Should Attend
CPAs, CMAs, CGMAs, internal auditors, CIAs, external auditors, managers, CFOs and others responsible for internal controls.

Topics Covered

  • COSO Framework for Internal Control
  • Auditing a client's internal controls
  • Various aspects of auditing and evaluating internal controls
  • Component evaluation of the internal controls
  • Difference between sampling and using data analytics to test populations

Learning Objectives

  • Identify the COSO Framework for Internal Control
  • Identify audit procedures for conducting an audit of internal controls for a government entity

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (Governmental) (2 hours)

Program Prerequisites
Basic understanding of auditing and/or similar experience in auditing.

Advance Preparation
None

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