This session will review the planning, testing, and documentation requirements of internal controls in a single audit, highlighting common problem areas to avoid. This second part of a two-part series on internal control over compliance will cover the following:
•Practical application of the lessons learned in Part 1
•How an auditee establishes internal controls that address the COSO or Green Book elements
•Guidance for auditors on determining key controls and performing control testing
•Apply knowledge of the requirements for internal control over compliance in a single audit.
•Learn common problem areas to avoid.