Should Internal Auditors Do Journal Entry Testing?

Outline:

Over the years, many internal auditors have told Claire Worledge, fellow community member and analytics expert, that internal audit doesn’t need to do testing on journal entries because this is covered by the external audit. We got together to discuss!

 

Learning Objectives:

  • What risks does your entity face if you do not test journal entries?
  • How effective is the external audit and what risks are covered by an external audit compared to an internal audit?
  • What types of journal entry tests should internal auditors actually do if they are going to do them and how long will it take to get done?

 

Duration: 1 hour
CPEs Available: 1
Knowledge Level: Basic
Field of Study: General Methodology, Data Analytics
Prerequisites: None
Advance Preparation: None

Content:

Please upgrade your account to gain access.

Note:

You will receive a certificate of completion that complies with IIA, ISACA, and ACFE CPE requirements for any certifications held by those associations (CIA, CISA, CRMA, CFE, etc.). Auditopia does not offer NASBA certificates for CPA CPE requirements at this time, this is something we will look into in the future.

Your Experience Counts:

Network with other internal auditors and share your perspectives in one of our collaboration groups.

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Auditopia is a learning and collaboration platform for internal auditors. We tap into our collective knowledge by sharing resources and engaging in virtual community events and collaboration groups. We also offer access to a growing catalog of recorded events and cutting-edge gamified trainings.

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