Identifying Audit Risks – Internal Controls and Audit Evidence (Text-Based Course)

Risk identification is at the center of any effective audit, and knowledge of how to associate such risks with internal controls and proper evidence is critical to audit quality. Identifying Audit Risks – Internal Controls and Audit Evidence is an intensive text-based course that will build auditors’ skills to identify risk, assess control efficacy, and secure the right evidence to back up audit conclusions. This session is perfect for audit training and perfectly suits LMS platforms used for both initial and ongoing audit education.

This course takes students through the steps of identifying inherent and control risks in various business processes, focusing on how to design audit procedures accordingly. Students will learn how to evaluate the design and operating effectiveness of internal controls, distinguish between categories of audit evidence, and conclude on the sufficiency and appropriateness of gathered information.

Rich in real-life illustrations, decision models, and audit guidance (such as ISA 315 and AU-C 330), the course offers a sound theoretical foundation coupled with step-by-step approaches to using judgment in live auditing scenarios.