This course addresses red flags auditors should be mindful of in compliance audits, cybersecurity evaluations, and going-concern assessments. Topics include how to spot violations of legal and regulatory requirements, signs of inadequate cybersecurity measures, and how to evaluate the going-concern assumption in light of financial difficulties or operational risks. The course also discusses how auditors can respond to these red flags and ensure that potential issues are identified early, protecting both the organization and its stakeholders from future risks.

The other Segments of this series Identifying Audit Risks are:

  1. Identifying Audit Risks - Financial Reporting and Revenue Recognition (Text Based Course)
  2. Identifying Audit Risks - Behavioral and Management Cues (Text Based Course)
  3. Identifying Audit Risks - Internal Controls and Audit Evidence (Text Based Course)
  4. Identifying Audit Risks - Compliance and Going-Concern Issues (Text Based Course)
Learning Objectives
  • Recognize red flags in compliance audits that suggest potential violations or regulatory risks.
  • Identify cybersecurity risks and indicators of inadequate protection measures.
  • Discover and determine when going-concern issues require further assessment or disclosure.
Last updated/reviewed: January 17, 2025
Prerequisites
Course Complexity: Foundational
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 .
Instructor for this course
  Course Overview CPE
Course Syllabus
COURSE MATERIAL
  Identifying Audit Risks - Compliance and Going-Concern Issues (Text Based Course)PDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam