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
Delivery Method: QAS Self-Study
Lesson Version: 18-2
Publication/Revision Date: December 30, 2019
Prerequisites/Advanced Preparation: None
Written By: William A. Hillison, Ph.D., CPA, CMA

Learning Objectives	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. This course was reviewed on October 10, 2023, and only minor updates and revisions were deemed necessary.
Course Topics	Introduction to Internal Control (AU-C 315) Understanding Internal Control (AU-C 315) Using the Work of Internal Auditors (AU-C 315 and AU-C 610) Assessing Risks (AU-C 315 and AU-C 330) Communicating Internal Control Related Matters Identified in an Audit (AU-C 265) Internal Control Documentation (AU-C 315)

Learning
Objectives

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.
This course was reviewed on October 10, 2023, and only minor updates and revisions were deemed necessary.

Course Topics

Introduction to Internal Control (AU-C 315)
Understanding Internal Control (AU-C 315)
Using the Work of Internal Auditors (AU-C 315 and AU-C 610)
Assessing Risks (AU-C 315 and AU-C 330)
Communicating Internal Control Related Matters Identified in an Audit (AU-C 265)
Internal Control Documentation (AU-C 315)

This QAS self-study course consists of an Audiovisual presentation, 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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