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Testing Internal Controls

Accounting

This lesson is part 18 of 23 in the course Learn Auditing

If the auditor assesses control risk at less than maximum, then he needs to perform tests of control to support that reliance.

In this lecture , we will continue our discussion of how an auditor justifies their reliance on internal controls by testing them.

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‹ Assessing Control Risk

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Auditing Issues in Small Businesses ›

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In this Course

  • Introduction to Auditing
  • Players in the Audit Industry
  • Generally Accepted Auditing Standards (GAAS)
  • Auditing Ethics and Rules of Professional Conduct
  • Understanding the Independent Auditors’ Report
  • Auditor’s Report with Reservations
  • The Auditing Process
  • Auditing: Management Assertions
  • The Audit Evidence
  • Audit Risk Models
  • Auditing: Assessing Inherent Risk
  • Auditing: The Concept of Materiality
  • Auditing: Client Risk Profile
  • How Auditors Document Their Work?
  • What is Internal Control?
  • COSO – Integrated Internal Control Framework
  • Assessing Control Risk
  • Testing Internal Controls
  • Auditing Issues in Small Businesses
  • Auditing Planning Approach
  • Audit Programs
  • Auditing the Sales Cycle
  • Substantive Audit Procedures

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