Identifying Audit Risks - Internal Controls and Audit Evidence (Course Id 2502)

This course focuses on red flags related to internal controls and audit evidence. This course covers weaknesses in internal controls that could indicate potential financial mismanagement, fraud, or operational inefficiencies, such as inadequate segregation of duties, lack of oversight, or unexplained adjustments. It also examines how auditors can detect suspicious audit evidence, including inconsistent or incomplete documentation, and what steps to take when such evidence is found. This course provides auditors with practical tools to strengthen their audit approach and ensure the integrity of their findings. 

Course Learning Objectives

• Identify weaknesses in internal controls that may expose the organization to risk
• Select the appropriate response when suspicious or incomplete audit evidence is found
• Distinguish between valid and questionable audit evidence during the audit process