Risk Assessment and Internal Controls in Audit Planning (Course Id 2909)

The Risk Assessment and Internal Controls in Audit Planning course teaches how to identify risks of material misstatement by evaluating a clients industry, operations, and regulatory environment.

This course explains the purpose of internal control evaluation and the role of the COSO framework in assessing control effectiveness through walkthroughs and control testing.

This course covers the fraud triangle, revenue recognition risks, and management override of controls, along with related party transaction risks.

This course examines IT controls and cybersecurity considerations and how they affect an auditors decision to rely on internal controls.

This course is a Technical, self study text course worth 3.0 CPE credits in Auditing. The course includes a 15 question final exam preceded by 9 review questions (optional), requiring a 70% passing score within one year. CPEthink is approved by NASBA as a CPE sponsor and lists this course on the NASBA site as a courtesy for CPAs to search https://nasba.org.

Yes, Risk Assessment and Internal Controls in Audit Planning provides three hours of CPE credit in fraud prevention, detection, or reporting, which counts toward the four hour fraud CPE requirement imposed by the California Board of Accountancy (http://www.dca.ca.gov/cba) on CPAs subject to the accounting and auditing, governmental auditing, or preparation engagement CE requirement.