SAS 115: Communicating Internal Control-Related Matters Identified in an Audit
May 29, 2012; 10:00 AM to 12:00 PM (CST)
Location:
Online Event
Sign-on information will be sent to registered participants 24 hours before the event
Advanced Preparation: None
Level: Basic
Prerequisite: NPO Fiscal Background
Field of Study: Auditing
Join us for this updated session to discuss SAS 115: Communicating Internal Control-Related Matters Identified in an Audit. SAS 115 revised the definitions of the terms "material weakness" and "significant deficiency" that had been established previously in SAS No. 112. We will cover SAS 115 established standards and provide guidance on communicating matters related to an entity's internal control over financial reporting identified in an audit of financial statements, including how SAS 115 would affect that communication. The following are some of the changes resulting from the issuance of SAS 115:
• The term "reportable condition" is no longer used. The terms "significant deficiency" and "material weakness" are used to describe control deficiencies that must be communicated to management and those charged with governance.
• Communication to management, and those charged with governance, must be in writing.
• Specific significant deficiencies and material weaknesses communicated in previous years need to continue to be communicated as long as those deficiencies continue to exist.
Attend this webinar to see how these and other aspects of SAS 115 may affect your organization.
Learning Objectives:
1. Understand the definition of internal control findings.
2. Learn how an auditor determines the severity of a finding.
3. Learn how findings impact the organization and how they are communicated.
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2.0 CPE credits*
To receive CPE credits, you will need to complete a CPE Request Form within three (3) business days of the webinar. The link to the form and directions for completion will be included in the access e-mail for the webinar, which you will receive 24 hours prior to the webinar. The webinar will need to be paid in full to receive CPE credit. Purchase orders are accepted but not considered payment. You will receive a certificate via e-mail within 14 business days of the webinar presentation.
Registration Fee
$145 per connection/part of the 15 in 15 webinar subscription series
GFP Internet Service Subscribers automatically receive an additional $25 discount!
Cancellation Policy:
Notice of cancellation must be received 24 hours prior to start-time of the webinar for a full refund of registration fees. If Wipfli cancels the webinar, you will be notified 24 hours prior to the webinar via email and with a follow-up telephone call. All registration fees will be refunded. For questions or concerns, please call 888.876.4992.
*National Registry of CPE Sponsors: Wipfli LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the national Registry of CPE Sponsors through its website: www.learningmarket.org.
Instructional Delivery: Group Internet-Based. For more information regarding administrative policies, such as complaint, cancellation and refund policies, please contact our offices at 888.876.4992.
To register online for this event, please see the above information.
$145.00