Audit 303: Internal Controls - Required Communications

Internal Control Deficiencies and Other Matters - Adding Value Through Required Auditor Communications will help the auditor with understanding how to improve required internal control communications to be more value-added from the perspective of the client. Professional and regulatory audit standards require communication of internal control matters noted in a financial statement audit. This assists management and those charged with governance with satisfying responsibilities for designing, implementing, maintaining, and monitoring internal controls. In addition, in order to retain existing clients, lower fee pressures and gain invaluable referral sources, financial statement auditors must place a priority on being a value-added business advisor. Note:
This course is recommended as a part of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has responsibilities for communicating internal control related matters to the client. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics covered in this course include:

• The required communication of internal control matters noted on an audit
• Evaluating the severity of identified deficiencies, including consideration of qualitative considerations
• Importance of placing a priority on being a value-added business advisor
• Anticipating and preventing internal control issues related to reliable financial reporting, operational efficiency or compliance
• Components of a well-written internal control comment
• Better writing tips and techniques

Who will benefit:

Accountants who are responsible for drafting internal control related matters noted in an audit

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.