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Internal Controls: Documenting Account/Transaction Level Controls under COSO and AS No. 2

Level: Intermediate
Credits (50 min.hr.): 1
Prerequisites: Prior experience with documenting internal controls; knowledge of COSO helpful.

This course is the third of seven related courses.

Course Highlights:

• Significant accounts
• Relevant assertions
• Major classes of transactions
• Business units and locations to be addressed
• Significant processes
• Flow of transactions
• Points of potential misstatement
• Account level controls

Course Objectives

• Understand the key terms of significant accounts, relevant assertions, major classes of transactions, significant processes, and points of potential misstatement.
• Review techniques to identify and combine controls.
• Understand requirements of AS No. 2 regarding activity level controls

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