Internal Control - Testing for Operating Effectiveness Webinar
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Internal Control - Testing for Operating Effectiveness Webinar

CPE

When
Oct. 28
6:00 - 8:00 p.m.

CPE Credits
2-A&A

Details

 Pricing

PICPA Member: $79 | Nonmember: $104


 More Information

Course No.
ESJLICT2
Level
Basic
Prerequisites
None
Note
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.

Description

Properly designed and effectively operating internal control over financial reporting is critical for preventing, or detecting and correcting, material misstatement. This course describes how to satisfy the audit requirements related to taking a control reliance strategy by testing the operating effectiveness of internal controls, while promoting an effective and efficient financial statement audit. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:
After attending this presentation you will be able to...

  • Discuss generally accepted audit requirements related to testing controls for operating effectiveness
  • Explain how to evaluate the results of a control reliance test for operating effectiveness
  • Describe the use of Service Organization Control (SOC1) Reports on a financial statement audit
  • Identify the impact of a control reliance strategy on a detailed audit plan

Highlights

The major topics covered in this class include:

  • Generally accepted audit requirements related to testing controls for operating effectiveness
  • Identifying key controls that may prove effective and efficient to test in a control reliance strategy
  • Responses when deviations are discovered when evaluating the design or operating effectiveness of internal control
  • Leveraging audit evidence available for Service Organization Control (SOC1) Reports
  • General computer control considerations when evaluating the design and operating effectiveness of internal control over financial reporting



Speaker(s)

Jennifer F. Louis, CPA Biography

 

Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success.  In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training.  She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm.  Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP.  At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor.  Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting.  Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys.

 


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