Documenting Internal Control - Nebraska Society of CPAs

Overview

Explore the various tools used to document and assess internal controls.

Documenting internal controls
Familiarize yourself with commonly used documentation tools, such as narratives, flowcharts, internal control questionnaires and control matrixes. Walk through COSO’s internal control template used to document an assessment of a system on internal control.

Course Instructor: Renee Rampulla

Highlights

Documentation tools such as internal control questionnaires, narratives, flowcharts and control matrixes

Auditor considerations for documenting internal controls in a risk assessment

Documentation of an assessment of internal control

Prerequisites

None

Designed For

Financial statement auditors

Internal auditors

Entity management involved in financial statement audits

Objectives

Identify controls in a process.
Identify the different tools used to document internal controls.
Recognize auditor considerations regarding documentation of internal controls.
Recall how to document an assessment of a system of internal control.

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by AICPA. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.