OasisLMS

Understanding risk assessment

You can deepen your understanding of risk assessment by reviewing key concepts, including:

• The system of internal control
• Identifying and testing automated and IT general controls

Deficiencies decoded

You can also learn more about deficiencies by exploring topics, such as:

• Identifying common deficiencies
• Assessing severity of deficiencies
• Aggregating found deficiencies
• Understanding the impact of compensating and monitoring controls

Preventing reoccurrence

Additionally, you can learn ways to consider common peer review and inspection findings with regard to internal controls to prevent reoccurrence.

Learning Outcomes

• Identify the key considerations regarding risk assessment, including with respect to the system of internal control.
• Identify the considerations for identifying and testing automated and IT
  general controls.
• Analyze information regarding deficiencies, including levels of severity and special deficiencies.
• Identify common deficiencies and considerations for automated and IT general controls.
• Analyze common peer review and inspection findings to avoid them.

Key Topics

• Risk assessment and the system of internal control
• Testing IT general controls and automated controls
• Deficiencies in automated and IT general controls
• Common peer review and inspection findings

Who Will Benefit

In charge and experienced audit staff with more than two to three years of audit experience