Price:
R476.10 (VAT Incl.)
Level:
Auditors
Sub-level:
Auditing
Lecturer:
Lynette Badenhorst
Duration:
120 Minutes
Additionals:
R476.10 (VAT Incl.)
Level:
Auditors
Sub-level:
Auditing
Lecturer:
Lynette Badenhorst
Duration:
120 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
During this webinar the following important principles relating to internal controls will be discussed:
Why is work on internal control necessary when auditors take a substantive approach?
Which controls do auditors need to understand?
What are the five interrelated components of internal controls that must be addressed by the auditor during all audits?
Direct controls versus indirect controls
Work effort for understanding each of the components of internal control
Controls relevant to the audit
Focusing on the Applicable Financial Reporting Framework in Identifying Risks of Material Misstatement
The use of automated tools and techniques when performing risk assessment procedures data analytics
New requirement to understand the entity use of IT in its business and system of internal control.
Controls over significant risks
Deficiencies in internal controls
Key issues for smaller entities
Please note: The information covered in this webinar will be based on the newly released ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement (ED-315)
Why is work on internal control necessary when auditors take a substantive approach?
Which controls do auditors need to understand?
What are the five interrelated components of internal controls that must be addressed by the auditor during all audits?
Direct controls versus indirect controls
Work effort for understanding each of the components of internal control
Controls relevant to the audit
Focusing on the Applicable Financial Reporting Framework in Identifying Risks of Material Misstatement
The use of automated tools and techniques when performing risk assessment procedures data analytics
New requirement to understand the entity use of IT in its business and system of internal control.
Controls over significant risks
Deficiencies in internal controls
Key issues for smaller entities
Please note: The information covered in this webinar will be based on the newly released ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement (ED-315)