FMN Auditing  |  Format: Flash

Matching Internal Controls to Real Life Change

Course Overview
Based on our previous coverage of the issue, you may assume that the accounting and auditing regulators - including the PCAOB and the SEC - are �anti-non- GAAP.� Our cameras were on hand at the recent FEI conference on current financial reporting issues, where a panel of leading regulatory officials and expert commentators explained how you can successfully match internal controls with current real life changes and challenges, such as the use of non-GAAP metrics.

Learning Objectives
Upon successful completion of this segment, you should be able to:

  • Recognize the implications of the revenue recognition standard on internal control over financial reporting;
  • Identify the audit committee�s responsibilities with respect to non-GAAP information;
  • Recognize the PCAOB�s new requirements related to critical audit matters; and
  • Identify the PCAOB�s current guidance on cyber security and data analytics.

    Catalog Number: FMN1244-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: FMN Online
    Advanced Preparation:
    Work experience in financial reporting or auditing, or an introductory course in auditing.
    Course Level: Update
    Field of Study: Auditing
    Content Partner: FMN Online
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Mar 09, 2018 / Oct 13, 2019