Identifying, Evaluating and Communicating Internal Control Deficiencies in an Audit (On-Demand Webinar)  

Upon successful completion of this course, the user should be able to:

• define and differentiate control deficiencies, significant deficiencies, and material weaknesses in internal control over financial reporting in accordance with AU-C 265;

• evaluate identified control deficiencies using likelihood and magnitude criteria to determine appropriate classification and reporting requirements; and

• apply proper communication and documentation requirements for internal control deficiencies identified during an audit, including timing, content, and recipients of communications.