Learn about the importance of internal controls and the purpose of audit committee.
This course will describe the importance of internal controls and the purpose of audit committee, review the goals for internal controls and discuss the internal control framework used by most companies based in the United States, describe the interrelated components for an effective internal control system, discuss the importance of identifying audit risk and discuss the difference between control deficiency, significant deficiency and material weakness.
At the end of this course, students will be able to:
-Identify the purpose of internal controls. -Identify the purpose of an audit committee. -Recognize the goals for internal controls. -Recognize the internal control framework used by most companies based in the United States. -Identify the interrelated components for an effective internal control system. -Recognize the purpose of identifying audit risk. -Recognize the difference between control deficiency, significant deficiency and material weakness.
Field of Study: Auditing
Lambers, Inc. is a leader in review courses for the EA, AFSP, and CPA exams. Lambers also offers IRS Continuing Education for Tax Preparers and CPE for CPAs. Accounting and finance professionals around the world incorporate Lambers products into their training programs.
EA, PMP
Chris Clark, EA and a PMP. Chris has been involved in the e-learning industry for over 20 years. He creates courses that are training professionals in the following industries: Accounting, Finance, Taxation, Information Technology, Project Management, Networking, and Security. Chris also has an instruction design certification and consults on many training projects.
