How to Audit Outsourced Functions ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
This self-study auditing CPE course is meticulously designed to equip auditors with the knowledge and skills necessary to effectively audit outsourced functions. This auditing CPE covers a wide array of critical topics, including identifying risks that are magnified by outsourcing, outlining specific audit steps for examining outsourced operations, and detailing how auditors can contribute to contract formulation to protect their organizations. Participants will also learn about the unique challenges of offshoring, the importance of relying on third-party reports, and how to conduct risk assessments of suppliers. The benefit of this auditing CPE course extends beyond risk mitigation, offering auditors a pathway to enhance their strategic role in ensuring outsourcing arrangements align with organizational goals and compliance requirements. By the end of this self-study CPE course, participants will be capable of guiding their companies through the complexities of outsourcing, ensuring that risks are managed and value is maximized.
Highlights
The value provided by internal auditing. Outsourcing concerns. General steps in auditing outsourced functions. The periodic risk assessment. The ideal environment for auditing outsourced activities.
Prerequisites
None.
Designed For
CPAs.
Objectives
Recognize those risks that may be amplified in an outsourcing arrangement. Specify the audit steps used to audit outsourced functions. Specify the areas in which the auditor can provide input during contract formulation. Describe the different risk assessment areas relating to the audit of a supplier. Recognize the types of third-party reports that an auditor can rely on when formulating audit procedures for an outsourcing arrangement.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $67.00
Member Price $58.00