[WEB4] Internal Controls: Testing and Communicating Deficiencies

Course Details


Wednesday, November 10, 2021

8:30am – 12:00pm
(Registration: 8:30am)

Field of Study

Continuing Education

Course Number


CPE Credit

4.0 hours CPE credit


Level of Knowledge



Kaplan Financial Education


Basic audit course or experience


Internal controls over financial reporting are used to prevent, detect, and correct misstatement. They also help to reduce the chance that fraud will occur. Auditors are tasked wit determining when controls should be tested, designing the tests of controls, performing the tests and documenting and communicating the results of the efforts. Although auditors are not required to search for deficiencies, they do have to consider whether there are areas where the potential for material weakness could occur. This course will discuss those areas and what mitigating factors could be considered in evaluating controls and the resulting communication that are required from the auditor.


  • Multi-purposes tests
  • Documentation techniques
  • Use of service auditor reports (AU 402)
  • AU 265 reporting requirements


  • Realize the importance of the financial reporting system and financial reporting process
  • Identify the impact of a control reliance strategy on your audit procedures
  • Design tests of internal controls
  • Test and document the results of tests of internal controls
  • Define the key terminology used when communicating deficiencies in internal control
  • Identify and evaluate deficiencies in internal control
  • Issue an AU-C 265 report  

Designed For

• Audit practitioners working on audits of non-public companies

• Accountants in industry who want to improve their entity's internal controls

Registration for this course has passed.

Course Pricing

Early Registration Member Fee

Applicable if you are a HSCPA member in good standing and register by November 3, 2021.

Member Fee

Applicable if you are a HSCPA member in good standing.

Early Registration Non-Member Fee

Applicable if you are not a HSCPA and register by November 3, 2021.

Non-Member Fee

Applicable if you are not a HSCPA member.

Your Price $350.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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