Self-Study: Surgent's Surging Auditors: Internal Out of Control
Available Until
Self-Study
1.0 Credits
Member Price $40.00
Non-Member Price $50.00
Overview
In this hands-on game, participants are helping to prepare an internal control testing plan for Home D?cor & More (HDM). They must assess controls related to HDM’s inventory cycle to determine which financial statement assertions each control satisfies, the quality of the control’s design, and whether there is adequate segregation of duties. Then, they will complete the HDM control testing plan, including the level of reliance to place on each control and the test of control methods. Each participant wants to be spot-on with the evaluation before submitting the information to a manager for feedback.
Highlights
- Refresher on understanding internal controls
- When testing internal controls is required
- When testing of internal controls is an effective strategy to reduce substantive testing
- Designing tests of controls
- Responses when deviations are discovered in the design or operating effectiveness of internal control
Prerequisites
None
Designed For
Accounting and financial service professionals needing a refresher on internal control testing plans and related standards
Objectives
- Preparation
None
Notice
Download
Non-Member Price $50.00
Member Price $40.00