Identifying Audit Risks - Internal Controls and Audit Evidence
Course Overview
This course focuses on red flags related to internal controls and audit evidence. This course covers weaknesses in internal controls that could indicate potential financial mismanagement, fraud, or operational inefficiencies, such as inadequate segregation of duties, lack of oversight, or unexplained adjustments. It also examines how auditors can detect suspicious audit evidence, including inconsistent or incomplete documentation, and what steps to take when such evidence is found. This course provides auditors with practical tools to strengthen their audit approach and ensure the integrity of their findings.  

Learning Objectives
Upon completion of this course, you will be able to:
•    Identify weaknesses in internal controls that may expose the organization to risk
•    Select the appropriate response when suspicious or incomplete audit evidence is found
•    Distinguish between valid and questionable audit evidence during the audit process
 

Revision Date:  NEW 1/24/25

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
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