Description
This interactive module provides participants with a structured approach to understanding and evaluating a governmental entity’s system of internal controls during the risk assessment phase of an audit. Participants will review key concepts and requirements related to internal controls, including how to identify control objectives and connect those objectives to the controls within a governmental entity.
The module walks participants through a step-by-step process for evaluating the design and implementation of internal controls, including governmental automated controls. Participants will explore how to identify and document control deficiencies while developing a deeper understanding of how activity-level controls operate within the broader control environment.
Through small group activities and engaging discussion, participants will examine the “why” behind internal control requirements and connect the work performed during control walkthroughs to risk assessment and the design of further audit procedures.
Learning Objectives
- List the requirements for understanding and evaluating process level controls in a governmental entity, including automated controls
- Apply a step-by-step process to perform and document the understanding and evaluation of internal control in a governmental audit
- Perform risk assessment procedures to effectively understand activity level controls within a governmental entity
Prerequisites
- 2+ Years Professional Experience
Advanced Preparation
None
