Back to Basics - Understanding Internal Controls

Course outline:

At the end of the course participants will be reminded of the requirements of ISA (UK) 315 with regards to understanding an entities system of internal controls.

ISA (UK) 315 - Identifying and Assessing the Risks of Material Misstatement

• Components of internal controls
• Control environment
• Risk Assessment process
• Information system and communication
• Process to monitor the system of internal controls
• Control activities
• Control deficiencies

CPD Hours: 0.5