CE/CPE Course Information

Internal Control: Basic Concepts for the External Auditor

CPE Credits: 4
Subject Area: Accounting and Auditing
Field of Study: Auditing
Program Level: Basic
Lesson Version: 17-1
Publication/Revision Date: October 16, 2017
Prerequisites/Advanced Preparation: None
Written By: William A. Hillison, Ph.D., CPA, CMA

    After completing this course, you will be able to
  • Answer technical questions about the characteristics of internal control
  • Analyze audit risks
  • Answer technical questions about the auditor’s responsibility for assessing risks
  • Assess the effect and extent of the internal auditor’s work on the external audit
  • Apply the requirements for communicating internal control related matters identified during an audit
  • Identify methods for documenting an understanding of internal control
  • Identify the sources of material that define the auditor’s responsibility for considering internal control. This course incorporates the Codification of Statements on Auditing Standards effective for audits on or after December 15, 2012
Course Topics
  1. Introduction to Internal Control (AU-C 315)
  2. Understanding Internal Control (AU-C 315)
  3. Using the Work of Internal Auditors (AU-C 315 and AU-C 610)
  4. Assessing Risks (AU-C 315 and AU-C 330)
  5. Communicating Internal Control Related Matters Identified in an Audit (AU-C 265)
  6. Internal Control Documentation (AU-C 315)

This self-study course consists of an Audiovisual presentation, a 20-question True/False Introductory quiz, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 20 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

State Board and other CPE agency registrations can be viewed on our sponsor approvals page.

For more information regarding administrative policies such as complaints and refunds, please contact our CPE Department at (800) 874-5346 ext. CPE (273).