Course Information
Assessing Financial-Related Activities and Controls
Course Description
Dollars always flow through the financial areas of a company. Assessing the financial activities and controls is a significant procedure to decrease the fraud risk inherent in a company. Understanding the method, flows and controls in these processes can define the effectiveness of an audit and your audit team. Course attendees will gain an overview and understanding of significant processes and controls in major financial areas, as well as hot buttons and significant inherent risks in these processes.
Course Objectives
Objectives:
• Obtain a basic understanding of what an effective control is
• General assessment of fraud red flags by area
• Specific best practice controls by area
Outline:
I. Introduction and Background
II. IT General Controls and Application Controls
III. How do We Assess Internal Controls?
IV. Spreadsheet Controls
V. Key Areas in Detail
VII. Process Owner Training
VIII. Financial Ratios
IIX. Summary and Wrap-Up
Prerequisites
Prerequisite not required.
Instructors
Danny M. Goldberg is a well-known speaker on internal auditing and People-Centric Skills. Danny co-authored People-Centric© Skills: Communication and Interpersonal Skills for Internal Auditors, via Wiley Publications. This is the first book published specifically to address the wide-ranging topic of communication skills for internal auditors. It has been offered through the IIA and ISACA bookstores since July 2015 and has sold over 3,000 copies (through April 2018).
Danny has over 21 years of professional experience, including five years leading/building internal audit functions. Danny was named as one of the Fort Worth Business Press 40 Under 40 for 2014. Danny is also accredited as the Professional Commentator of the Bureau of National Affairs - Internal Audit: Fundamental Principles and Best Practices (Professional Commentator). This book was authored by renowned audit scholars Curtis C. Verschoor and Mort A. Dittenhofer – co-author of Sawyer’s Internal Auditing.
Additional Information
§ TAC Rule 523.142(g) requires the CPE Sponsor to monitor individual attendance and assign the correct number of CPE credits. Participants will be asked to document their time of arrival and departure in compliance with this Rule. Additionally, attendance will be monitored throughout the day and CPE certificates will reflect actual attendance of each participant.
To see answers to our Frequently Asked Questions, visit http://www.sao.texas.gov/training/faq.html