Testing Internal Controls in a Single Audit
Author: Diane Edelstein
| CPE Credit: |
2 hours for CPAs |
Testing of Internal Controls is required in a Single Audit. We will look at the Green Book/COSO Frameworks for Internal Control and at look at what the Compliance Supplement recommends for Internal Control over compliance. We will also look at required reporting of internal control findings.
Publication Date: October 2023
Designed For
This course is designed for auditors but can be helpful for non-profits and governments in their designing of internal control.
Topics Covered
- Uniform Guidance - Overview
- Auditee responsibility for Internal Control
- Auditor responsibility for testing Internal Control
- Evaluating controls and testing controls
- How to report a finding in internal control
Learning Objectives
- Identify the auditee responsibility for Internal Control
- Recognize how to differentiate which areas of Internal Control the auditor must test
- Recognize the requirement to evaluate whether controls are designed effectively and have been placed into operation
- Identify the requirement to test internal controls
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
