Risk Assessment

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Risk Assessment and the Evaluation of Accounting Controls

The Sarbanes-Oxley Act of 2002 is the most significant audit and corporate governance reform since the 1930s. With its stringent reporting and internal control requirements, the Act has far-reaching implications for the roles and responsibilities of today's auditors and substantial penalties for organizations in non-compliance. Our program, entitled Risk Assessment and the Evaluation of Internal Controls, delivers practical approaches to addressing Section 404 of the Act: Management Assessment Of Internal Controls. In addition, we offer programs which stress audit and EDP audit skills, statistical sampling, audit report writing, audit supervision and the audit of computer systems under development.

Important Note

To meet the timing needs and time constraints of our clients, this course can be offered as an intact 3 day program or it can be offered in one day segments.

Course Outline

Day 1

Introduction
Risk Assessment Process Overview
Specifying Audit Risk Areas
Overview to Internal Accounting Controls
Use of Flowcharting To Identify Risks

Day 2

Flowcharting Case Study
Identifying Risks In EDP Systems
Analyzing and Evaluating Internal Accounting Controls
Impact of Internal Controls in Mitigating Risk
Documenting Risk Assessment

Day 3

Internal Control Analysis Case Study
Audit Evidence and Testing
Problem Solving Techniques
Use of Sampling (Statistical & Informal) To Quantify Risks
Audit Sampling Case Study
Summary and Evaluation

CPE Credits: This workshop qualifies for 24 CPE credits.

For more information about internal audit, internal control or Sarbanes-Oxley seminars contact Jody Camardese at : 301-776-9700 or jody.camardese@aegtraining.com