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: 18-1
Publication/Revision Date: December 30, 2019
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 on the nature and components of internal control
  • Select procedures to obtain an understanding of internal control
  • Determine the external auditor’s use of the internal auditor’s work
  • Identify and assess the risks of material misstatement of financial statements and assertions
  • Recognize the requirements to communicate significant deficiencies and material weaknesses in internal control
  • Determine appropriate documentation for the understanding of internal control
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 or 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.

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