1 CPE Many organizations are audited by independent public accountants. The purpose of an audit is to express an opinion on the fairness of presentation of financial information prepared by management. An audit enhances the value of financial information by making it more trustworthy and credible.
In this multi-part course, we learn how public accountants plan and execute an audit. This is Part 3 of 4, which covers internal controls and fraud controls, including the COSO framework, testing controls, fraud schemes and more.
Course Series
This course is included in the following series:
4 CoursesAuditing
- Auditing Financial Statements Part I: An Overview of The Financial Statement Audit
- Auditing Financial Statements Part II: Auditing Principles
- Auditing Financial Statements Part III: Internal Controls and Fraud Controls
- Auditing Financial Statements Part IV: Auditing Cycles and Audit Completion
Learning Objectives
- Identify different types of manual and electronic internal controls
- Identify different types of fraud risks and controls
- Discover approaches for assessing control risk
- Discover testing approaches for internal controls
Last updated/reviewed: March 21, 2024
59 Reviews (258 ratings)
Reviews
Anonymous
()
Easy to understand high level review of internal controls
Braden LaTour
(Financial Analyst at Kent Power)
Nice refresher course on the basics of internal audit. Instructor was effective and to the point, always appreciate Blair's courses. A packet of the slides to follow along the presentation would be helpful for others in the future.
Anonymous
()
Internal controls are a very challenging area of the auditors work.
manual controls are subject to human error and intervention, development of keen insight is necessary - Mr. Cook provides this insight
Linda Forde
(Owner at The Forde Firm, LLC)
Great course with plenty of detail. The building blocks of the courses and materials is a nice addition. The catch phrase at the end of each session is getting old though.
Lawrence Hirsch
(Controller at Builders design)
Blair did it again. Another super course that hits all the right button. thanks again Blair, you are an awesome presenter. I highly recommend Blair's course.
Larry
Anonymous
(Director)
The course provides a great summary of items related to internal controls. The instructor provided a great summary and all the details are well presented.
Anonymous
(Consultant - Process Specialist)
This is a continuation of the course introduction to audit. This is very helpful for those needing help on Controls, working papers and Test of controls.
Anonymous
(Owner)
Great class with a fantastic instructor! The instruction on how the reliance on internal controls affect substantive testing was very interesting.
Anonymous
()
Overall good course. Maybe could have developed in more detail examples of testing internal controls over illustrative processes and procedures.
Anonymous
(Deputy IG)
The instructor is very knowledgeable on the COSO Internal Control Framework. I especially enjoyed the discussion on small business risks.
Nancy Moreland
(Principal at N. L. Moreland)
As is true for his other sessions, this has a tremendous amount of material which can be somewhat overwhelming. Good stuff, though.
Keith Johnson
(Director SOX Compliance at Waterjet Holdings)
Very good discussion and outline of internal controls, and how they influence audit risk, and how fraud and fraud prevention work.
Eric Cox
(Senior Accountant at Mondo)
Good refresher on internal controls/segregation of duties from auditor perspective - made me rethink some of our processes.
Anonymous
(Experienced Manager)
Course provides just enough detail to promote understanding but remains high-level enough to get the overall gist.
Anonymous
(Internal Audit Manager)
Great overall refresher course in this area and the instructor does a great job keeping the material interesting.
Thomas Hayes
(Clinical Associate Professor at University of Arkansas)
Very knowledgeable. The course well laid out. Those starting out in audit would get the most from this course.
Anonymous
(Assurance Specialist)
The background music was a bit annoying after a while. Nothing new on fraud investigation. Wouldn't recommend.
Lilian Dendrinos
(consultant at DLC Group)
No reference material except the glossary? Very informative. Gives great insight into developing controls.
Stephanie Pan
(Tax Associate at NFP)
Good progression and organization of the materials and topics relating to internal controls and fraud.
Corey Masters
(Accountant, Internal Auditor, Risk Speci.. at Self)
Another good course in the 4 part series. The small business assurance was very relevant to my work.
Jennifer Bor
(Sole Practitioner at Accounting and Business Management Consu..)
good enough for the purposes of being able to satisfy my licensing requirements for the cia and cpa
Perry Byrd
( at Perry Byrd CPA)
Once again great course. Each objective was explained in a clear and concise manner. Good Course
Anonymous
(Accountant II)
What you would expect for a foundation level course. The questions proved to be a nice refresher.
Sylvia Ratliff
(internal audit consultant at self employed)
Good refresher course to remind an internal auditor of the purposes of a lot of what we do.
Anonymous
(Auditor)
Very informative course. Highly recommend to anyone who is in the accounting/audit field.
Anonymous
(Accounting Manager)
Another great course in Internal and Fraud control. It is very informative yet concise.
John Filbert
(Consultant at DLC Group)
Great course for a quick review over internal controls and fraud as relates to audit.
Anonymous
()
This was a very interesting course and the presenter explained the content very well!
Anonymous
()
good review of another audit fundamentals series. my thanks to the presenter.
Theodore Zeck
(Certified Public Accountant at Theodore R. Zeck, CPA)
Was able to pass this without the training after so many times being audited.
Georgios Baltos
( at EUI)
It was the course, which provides you a vise information with all impacts.
Lou Mortillaro, CMA
(Accounting Manager at American Financial Resources)
I enjoy this instructors enthusiasm in the subject. Well worth the time.
Erika Lavayen
(Lead Program Accountant at Clear Blue Insurance Group)
It was a great course and overview on the internal controls . Thanks!
Muhammad Baig
(Managing Director at N/A)
Decent coverage of intended topics. A good recap of subject matter.
Jana Connoway
(Senior Internal Auditor at Health New Zealand)
Helps with a good understanding of auditing financial statements
Anonymous
(Senior Accountant)
Nice refresher on IC and Fraud. Very easy to follow. Thank you!
Jose Maria Lopez
(Regional Manager of Accounting & Rep.. at VF)
The Course was good, but I think the material was rather poor.
Anonymous
()
this course was clearly presented with lots of great examples
Anonymous
(Finance)
learned the most important concepts of audit in a short time
Ara Toroyan
(Director - Financial Planning & Proc.. at NCCI Holdings, Inc.)
Good course. Blair is consistent in all the audit classes.
Anonymous
(Vice President of Technical Accounting)
Good introduction to internal controls and their testing.
Anonymous
(-)
A good review of Internal Controls and Fraud Controls.
Fernanda Manochio
(Assistant Board Secretary at Union Township Board of Education)
Good overview of Internal Controls and Fraud Controls
Anonymous
(-)
Great refresher course on internal controls.
great summary with good level of detail
Anonymous
(Board Member)
Great overview, but at lightning speed!
Anonymous
(Director of Accounting and Finance)
Auditing information clearly presented
Patrenia McAbee
(Owner at McAbee Consulting)
Good. Pdf file preferred than video.
Anonymous
(-)
Very good overview and refresher.
Anonymous
(Regional Treasury Manager)
It doesn´t provide material.
Kevin Murray
(Business Partner - Strategic Projects at The Wesson Group)
A very good review course.
Tania Roberts
(Revenue Accountant at OEConnection, LLC)
Another fun course.
Anonymous
(Controller)
Very good review.
Anonymous
(Chief Financial Officer)
very informative
Anonymous
(Controller)
very goo course
Jeff Wilhelm
(Director - Transaction Services at Yahoo!)
Great content.
Anonymous
(NA)
Good overview
Charles Elwis
(Insurance Broker at Health Guys)
Good review
Erin Milroth
(Assistant Controller at -Edifice, Inc.)
none
Prerequisites
Course Complexity: Intermediate
No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Blair CookDirector of Clarke Inc
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