Obtaining an Understanding of Internal Control
This course explains how to understand internal control, including control environment, risk assessment, and key components of internal control systems. It helps professionals evaluate how controls are designed and implemented.
CPE Credit
1.0 Hours
DELIVERY METHOD
Self-Study (On Demand)
LEVEL
Basic
PREREQUISITES
None
PRICING
$119.50 per year
Course Description
This course provides an overview of how professionals obtain an understanding of internal control, including key components such as the control environment, risk assessment, and control activities. It focuses on how internal control systems are structured and evaluated in practice.
Participants will examine how internal controls support organizational objectives and how an understanding of internal control is developed when assessing risk and control effectiveness. The course highlights how control systems are evaluated to identify risks and understand their design and implementation.
What You’ll Learn
By the end of this course, you will be able to:
- Understand the components of internal control
- Identify the control environment and its impact on operations
- Recognize how risk assessment is performed within internal control systems
- Understand how professionals obtain an understanding of internal controls
- Evaluate how internal controls address risks
Who This Course Is For
This course is designed for:
- CPAs and accounting professionals
- Auditors and internal auditors
- Risk and compliance professionals
- Controllers and finance managers
- Individuals seeking to understand internal control systems
Key Topics Covered
This course covers key concepts related to internal control, including:
- Auditor responsibilities related to internal control understanding
- Components of internal control (COSO framework)
- Control environment and governance structure
- Entity risk assessment processes
- Information systems and communication relevant to financial reporting
- Control activities and monitoring of controls
- Assessing design and implementation of controls
- Link between internal controls and risk of material misstatement
Why This Course Matters
Understanding internal control is essential for evaluating how organizations manage risk and maintain effective operations. A clear understanding of control environment, risk assessment, and control activities helps professionals assess how controls are designed and implemented.
Knowledge of internal control frameworks supports consistent evaluation of risk and control systems. For additional guidance, refer to the COSO internal control framework.
Explore additional Auditing CPE Courses to further strengthen your understanding of internal control and risk evaluation.
Pricing & Access
$119.50 per year — Unlimited CPE Access
When you enroll, you receive full access to all courses in our catalog for one full year, including this course and every other available offering.
Unlike many CPE providers, we do not charge by the credit hour and we do not impose course expiration dates. Once you’re enrolled:
- All courses are included — no per-course or per-credit fees
- Your access lasts for a full year from your enrollment date
- Your completed course certificates remain available in your portal
- You can complete courses at your own pace, on your own schedule
This single annual enrollment gives you the flexibility to earn CPE hours when you need them — without worrying about expiring credits or additional costs.
Frequently Asked Questions
Is this course NASBA-compliant?
Yes. This course meets NASBA CPE requirements.
How is the course delivered?
On-demand, self-study format with quizzes for knowledge checks.
Can I complete this course at my own pace?
Yes. You may start, stop, and resume the course as needed.
