- The components of internal control; documenting your understanding of the controls at the client and the service organization;
- The risk assessment standards and how to comply with the requirements.
Learning Objectives
Identify the components of internal control; analyze the risk assessment standards; list the strategies for a proper walk-through; identify best practices for audit documentation related to planning, internal controls, and risk assessment.
Major Topics
- The components of internal control; documenting your understanding of the controls at the client and the service organization;
- The risk assessment standards and how to comply with the requirements.