Internal Control Deficiencies and Other Matters – Adding Value Through Required Auditor Communications

2 Credits: Auditing


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Internal Control Deficiencies and Other Matters – Adding Value Through Required Auditor Communications

Course Level
CPE Credits

2 Credits: Auditing

Course Description

Professional and regulatory audit standards require communication of internal control matters noted in a financial statement audit. This assists management and those charged with governance with satisfying responsibilities for designing, implementing, maintaining, and monitoring internal controls. In addition, in order to retain existing clients, lower fee pressures and gain invaluable referral sources, financial statement auditors must place a priority on being a value-added business advisor. This module will help the auditor with understanding how to improve required internal control communications to be more value-added from the perspective of the client.

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Learning Objectives

Upon completion of this course, participants will be able to:

  • Discuss what, when, and to whom to communicate identified deficiencies in internal control during the financial statement audit;
  • Describe how to categorize the severity of identified deficiencies;
  • Explain how to draft written communications in a way that will increase the likelihood of corrective action;
  • Describe the importance of making value-added business advice to clients a priority; and
  • Explain how to anticipate and prevent issues that could negatively impact clients.
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Course Specifics

Course ID
Revision Date
April 2, 2024

Experience on basic audit engagements

Advanced Preparation


Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Jennifer F. Louis, CPA has over 25 years experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success.  In 2003 she founded Emergent Solutions Group, which is dedicated to meeting organization’s professional training needs on a project or part-time basis.  Jennifer serves a wide variety of clients, including public accounting firms, state CPA societies, private industry corporations, and public sector agencies.Previously Jennifer served as the Director of Audit Product Development at Surgent Professional Education for three years.  Prior to that, Jennifer was Executive Vice President/Director of …