Format: Webcast/Audio Conference/Interview/Podcast
The following provides course information, as well as pricing, author, and educational credit information for the course you selected.
To order this course, click on one of the "Order" options at the bottom of the page.
|Date / Time:
||Even if intimately familiar with the standards (e.g., FAS 5, AS 5, AS 2) applicable to inspections of clients' internal controls and associated risk measures, auditing firm professionals often find their acumen tested by complex situations.
Auditing challenges frequently arise with controls testing, controls sampling, prudent risk assessment and other mandates under internal controls-related standards. These issues continue to be problematic for audit clients and even for experienced outside audit professionals.
Experiences, best practices and warning signs offered by seasoned peers can fortify your approach in tackling these higher-level, ongoing challenges with evaluating internal controls.
Listen as our panel of veterans in outside audits demonstrates and drills into the most problematic aspects of internal controls and risk management measures.
I. Accounting standards that can come into play
II. Areas where challenges can arise in examining internal controls
- FASB AS 5 on audit contingencies
- PCAOB AS 5 on integrated controls/financial audits
- PCAOB AS 2 on internal controls audit and risk assessments
- SAS 70 on assessing service organizations’ internal controls
III. Best practices for more effectively dealing with these problem areas
- Controls sampling
- Controls testing
- Other client risk assessment measures
- Service company controls
- Other areas
The panel will offer alternatives for dealing with complex issues under accounting standards for:
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
- Controls sampling
- Controls testing
- Associated risk assessment
- SAS 70 reports
- And other areas
Upon completing this seminar, you will have a better understanding of internal controls- and risk-related challenges that can continue to arise during audits, and the benefit of outside perspectives in addressing these issues.
This program has been approved for 2.0 CPE hours through Strafford Publications.
To obtain CPE credit, attendees must participate in the live event, return an Official Record of Attendance to Strafford affirming their participation (including the CPE code announced during the program), and pay a processing fee of $35 per person.
Strafford will mail a certificate of credit within approximately 2 weeks of receiving an attendee's completed Official Record of Attendance—provided all required conditions have been satisfied.
Handout materials and the phone number for live presentations are made available to you 1 day prior to the event via email from the presenter. Copies of the presentations are included with recorded versions.
Cannot Attend The Live Presentation?
This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.
|About Webcasts / Audio Conferences / Podcasts:
||Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.
The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!
And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.
Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.
|Licenses / Designations / Educational Credits:
All US States: 2
|About The Provider:
||Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting their website.
Strafford webinars and teleconferences offer an excellent opportunity to train your entire staff—with no lost travel time or expenses. They are extremely cost-effective—allowing an unlimited number of people at your location to listen from a single line at no additional charge.
Each live seminar features presentations by a panel of nationally recognized authorities, followed by an interactive Q&A session. Presentation materials can be viewed online or printed out. Audio can be accessed via the web or a telephone.
||Contact Us For More Information