AD Auditing Week 1Every firm has its approach for understanding a client’s internal control structure. Some firms use a standardized internal control questionnaire to evaluate controls that are in p

AD Auditing Week 1

Every firm has its approach for understanding a client’s internal control structure. Some firms use a standardized internal control questionnaire to evaluate controls that are in place whereas other firms do not rely on internal controls at all and plan their audits as if there are no controls in place or consider them as not effective.

Assume you are training a new team of auditors for your CPA firm. Prepare a PowerPoint presentation to present the pros and cons of each approach. Then, select the approach that your firm uses (that is, the approach you think is best) and explain why. Include the following components in your presentation:

1. What effect, if any, does the size of the organization have on the decision?
2. What are the auditing standard requirements for obtaining an understanding of internal controls?
3. What are the differences, if any, in understanding internal controls for a public company versus a non-public company?

Your presentation should meet the following criteria:

• Be 6-8 slides in length, not including the title and references slides.
• Demonstrate your comprehension of the course material.
• Use professional business language.
• Include slides that are neat and not too wordy.
• Include VoiceOver that is clear and has minimal background noise. (If you do not use the VoiceOver feature, you must provide detailed notes in the “Notes” area to support the information presented on your slides.)
• Citations and references should be formatted according to CSU-Global Guide to Writing and APA Requirements (Links to an external site.)Links to an external site..
• Include 2-3 sources from the CSU-Global Library (Links to an external site.)Links to an external site., in addition to the textbook.

Review the grading rubric to see how you will be graded for this assignment.