NAA2412. Evaluating Control Deficiencies

How do you determine if a deficiency is a material weakness, significant deficiency, or control deficiency? Many auditors struggle with this assessment and it’s often challenging when balancing client service needs. This session will cover the generally accepted auditing standards (GAAS) requirements and apply them to real life examples (including IT controls).

Learning Objectives:

• Identify the GAAS requirements for assessing and communicating control deficiencies to management and those charged with governance.
• Apply the GAAS requirements to various case studies.