About this course
Material weakness and board response. For CA partners; CFOs; finance directors; independent directors; audit committee members. Seven topic lessons and narrated animated explainers, seven knowledge checks, five applied activities and a sampled final assessment. Complete the guided Material weakness response pack. Prerequisite: JQ-IFC-I01. Original fictional cases develop practical finance and governance decisions. Confirm current rules, exemptions and live filing requirements for the actual entity. The study estimate measures all required learning; the workbook's 55-minute value was a planning target.
Who this is for
Learners interested in this course
What you will learn
Course outline
1. Aggregate deficiencies by process and assertion
- Aggregate deficiencies by process and assertion
- Aggregate deficiencies by process and assertion — video
- Topic 1 knowledge check
2. Likelihood, magnitude and compensating controls
- Likelihood, magnitude and compensating controls
- Likelihood, magnitude and compensating controls — video
- Topic 2 knowledge check
- Case Quest: Likelihood, magnitude and compensating controls
3. Management representation and external audit interface
- Management representation and external audit interface
- Management representation and external audit interface — video
- Topic 3 knowledge check
4. Interim containment and owners
- Interim containment and owners
- Interim containment and owners — video
- Topic 4 knowledge check
5. Reporting to audit committee and board
- Reporting to audit committee and board
- Reporting to audit committee and board — video
- Topic 5 knowledge check
6. Remediation milestones and evidence
- Remediation milestones and evidence
- Remediation milestones and evidence — video
- Topic 6 knowledge check
7. Case: Address a revenue control breakdown near year-end
- Case: Address a revenue control breakdown near year-end
- Case: Address a revenue control breakdown near year-end — video
- Topic 7 knowledge check
- Decision Mission: Aggregate deficiencies by process and assertion
- Impact Simulator: distinct flagged exposure
- Practice Lab: year-end control response pack
- Roleplay Studio: brief the board on the year-end breakdown
Final assessment
- Final assessment