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Author: |
Joseph P Helstrom, CPA |
Course Length: |
Pages: 9 ||| Word Count: 6716 ||| Review Questions: 3 ||| Final Exam Questions: 5 |
CPE Credits: |
1.0 |
IRS Credits: |
0 |
Price: |
$12.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Auditing |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course examines new and heightened risks internal auditors faced due to business disruptions caused by the Coronavirus pandemic, including remote workforce challenges.
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Frequently Asked Questions: |
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Description: |
The Coronavirus pandemic of 2020 has created a new business environment for many, if not most, businesses. Business processes have changed as more employees are working from home and there are greater operational and financial risks as economic health diminishes and overall unemployment increases in both the USA and the world. These factors create new challenges for the internal audit function. Risk challenges faced by the internal audit function in these uncertain times and discussed in this course include computer connectivity, information technology controls, financial controls, supply chain and workforce risks, liquidity and customer credit risks, insurance issues and brand risks. |
Usage Rank: |
25714 |
Release: |
2024 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: Statement on the Importance of High-Quality Financial Reporting in Light of the Significant Impacts of COVID-19
External: Statement on the Importance of High‑Quality Financial Reporting (SEC, Apr 3 2020)
Internal: Auditing Courses on CPETHINK - Audit CPE Courses For CPAs
Internal: Recent Audit Updates - Auditing Developments: Latest Trends & Techniques (Course v14)
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
03-Aug-2026 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
Internal Audit Challenges of a Pandemic - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives Upon completion of this course, you should be able to:
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Course Contents: |
Chapter 1 - Internal Audit Challenges of a Pandemic Introduction Internal Audit Priorities Remote Workforce Risks Computer Connectivity Computer Controls Financial Controls Summary of the Risks of a Remote Workforce Operational Risks Supply Chain Workforce Summary of Operational Risks Financial Risks Liquidity Customer Credit Insurance Summary of Financial Risks Brand Risks Chapter 1 Review Questions Glossary |
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