- NY Credits : 2.0
- TX Credits : 2.0
Internal control and fraud is critical regardless of the type of entity, but in governmental and nonprofit engagements because of the way in which funds are acquired the view is a little narrower. Management is responsible for internal control, however, the external auditor may make an assessment as to how well the entity follows the chosen framework. COSO provides a visual representation of internal control, with the objectives, components, and principles depicted on the facets of cube model. In this program, Lee Ann Watters, CPA, CGFM, looks at internal control and fraud in governmental audits.
Upon successful completion of this course, the user should be able to:
identify the auditor's role in governmental audits related to internal control and fraud.