3 CPE This course describes the importance of internal controls and the purpose of audit committee, review the goals for internal controls and discusses the internal control framework used by most companies based in the United States, describes the interrelated components for an effective internal control system, discusses the importance of identifying audit risk and covers the difference between control deficiency, significant deficiency, and material weakness.
Learning Objectives
- Identify the purpose of internal controls.
- Identify the purpose of an audit committee.
- Recognize the goals for internal controls.
- Recognize the internal control framework used by most companies based in the United States.
- Identify the interrelated components for an effective internal control system.
- Recognize the purpose of identifying audit risk.
- Recognize the difference between control deficiency, significant deficiency and material weakness.
Last updated/reviewed: March 20, 2024
31 Reviews (144 ratings)
Reviews
Anonymous
(Manager)
Auditing - Evaluations for Internal Controls course is a thorough resource for auditing professionals. It offers practical techniques and insights into internal control assessments. With a clear and relevant approach, it enhances auditing skills for both aspiring and seasoned auditors, making it an essential course in the field.
Julie Schmidt
(Sr. Internal Auditor at Charter Communications)
This is one of the worst classes I have taken. The lecture is obviously read off a script and not well done. The content of the slides is not in a great format. Finally the review and final exam have a bunch of questions that don't even make sense. Skip this.
Jazmin Carrasco
(Senior Auditor at Air Products)
Content was ok but the instructor was clearly reading off a script, so it wasn't as enjoyable as some of the other courses on Illumeo. There are also some grammatical errors in the final exam questions which made it a bit confusing.
Anonymous
(Accounting Manager)
This course was very interesting and learned quite a bit as a lot of this was new information for me. I liked the detailed explanations and I believe most people going into accounting would benefit from this course.
Anonymous
(Staff Auditor 1)
course was good with a lot of useful information, although there appears to be grammatical errors in the review quiz, final exam and slides that made the questions hard to read/understand was being asked
Anonymous
(Accountant)
This was an extremely helpful course that provided very useful information. The course was very easy to follow and provided great detail on the topic. I would recommend this course to others.
Jessica Flesher
(Supervisory Program Specialist at VA - U.S. Department of Veterans Affairs)
I really enjoyed this course. It was a great overview; not too in depth, but just enough for a good overview of internal controls. Would recommend to anyone no matter your experience level.
Anonymous
(Senior Accountant)
Presentation PDF and video out of synch. Basically read the PDF. Info was well laid out. Each section had thorough analysis. Gave good insight to the auditing process, viewpoint, goals.
Eugene Walker
( at NASA)
Overall the course was good. The slides were out of sync so used the pdf during the training. Some of the questions could have been worded a little bit better but overall good course.
Anonymous
(Senior Auditor)
Good information, but the presentation was not very professional. The constant background noises with the microphone being moved or hit were very distracting and frankly annoying.
Jennifer Naccarato
(Senior Associate at CNM LLP)
Very well structured. The course materials provided a great overview of the topic and very clear. The pace allowed for a proper understanding of the topic.
Anonymous
()
This class provided a strong overview of internal controls, their role for an organization, and their evaluation by internal and external auditors.
Angela Ciagne
(Consultant at Salo LLC)
The exam questions were very poorly written - it was hard to understand what the question was to be able to select the correct answer.
Anonymous
()
This was a great course on the evaluations for internal controls and the presenter went into great detail in each of the areas.
Anonymous
()
Great refresher course for internal controls. Nice to see topics such as COSO, flowcharts, narratives, etc.
Anonymous
(Assurance Specialist)
Skip this course if you can. The lecture is obviously read off a script and not as other Illumeo courses.
Anonymous
(-)
Good explanation, examples, along with a fast pace that covers all required concepts of auditing.
Anonymous
(Finance)
Information was delivered in a clear manner. The class was well organized and structured.
Craig Campbell
( at National Reconnaisance Office)
Good course and well presented. Excellent review or good course for beginning personnel.
Anonymous
()
In overall, the information included in the handouts was clear to understand the course.
Anonymous
()
The questions on the review and test were phrased almost illegibly in some instances.
Anonymous
(None)
This course was helpful and informative. I would recommend this course to others.
Dena Dahlquist
(Director at Control Logics)
Good class. Good review of the fundamentals and a refresher for accountants.
Lance Bisesar
( at Casper Sleep, Inc.)
Elaborate materials and direct content. Video and slide deck were good.
Sophia Kasozi
(- at City of Edmonton)
Very good refresh and summary about auditing and internal controls.
Inna Shmukler
(Controller at Fornetix LLC)
Very informative and in depth presentation. Lots of information.
Anonymous
(SVP)
Detailed course laying out the fundamentals of internal controls
Anonymous
(Business Manager Finance)
Good content. Some exam questions need to be written better.
Anonymous
(Lead Auditor)
Just read the slides. Slides were wordy and overlapped a lot.
rodrick lawlor
(FD at CBP - Customs & Border Protectio..)
Dreat course. Streamlined and efficient. Highly recommend.
Vincent Crisco
(Vice President at SMBC)
Good course, good questions. I enjoyed this cours.
Prerequisites
Course Complexity: Intermediate
No advanced preparation or prerequisites are required for this course.
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
.
Course Questions and Answers1 Question
Chris ClarkInstructor
About Illumeo
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- Email: info@illumeo.com
- Phone: 408-400-3993
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Nice course. BTW- One of the exam questions is improperly worded. I figured you would want to know.