Seminar Course Description

Internal Control and COSO Essentials for Financial Managers, Accountants, and Auditors

Locations

CITY STATE DATES OFFERED STATE SOCIETY WEBSITE
Little Rock Arkansas Jul 28, 2020 ARCPA
Atlanta Georgia Dec 01, 2020 GSCPA
Chicago Illinois Dec 04, 2020 ICPAS
Troy Michigan Oct 28, 2020 MICPA
Ridgeland Mississippi May 22, 2020 MSCPA
New Jersey Oct 23, 2020 NJCPA
New York New York Jun 11, 2020 NYSSCPA
Beaverton Oregon Jun 15, 2020 OSCPA
Richmond Virginia Dec 16, 2020 VSCPA
Bellevue Washington Nov 05, 2020 WSCPA

Brush up on your knowledge of internal control.

Are you confused about how to document or review documentation of your entity or client's processes and controls? Are you able to identify departmental policies and procedures that function as controls to mitigate against risks of fraud and errors?

This course provides an overview of the COSO guidance to introduce you to the components and principles of internal control. You will walk through practical hands−on exercises that are designed to provide real-world knowledge on how internal controls, including technology related controls and considerations, can have an immediate impact on daily tasks, and enable a deeper understanding of the responsibilities of management versus those of the auditor.

Learning Objective

When you complete this course, you will be able to:

  • Recall factors that an auditor should consider when obtaining an understanding of the entity and its environment, including internal control.
  • Identify keys to success in designing a control environment with strong internal controls.
  • Recall internal control objectives, components, and principles.
  • Identify tools that can assist in the documentation of internal control.
  • Identify ways to obtain efficiencies and effectiveness in internal control in various types of smaller entities.

Topics Dicussed

  • Key concepts of the COSO framework, including components and principles of internal control
  • Management responsibilities versus auditor responsibilities
  • Common significant accounting processes
  • Tools and techniques used for internal control documentation
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COURSE CODE

ICDAD

FIELD OF STUDY

  • Auditing

CPE CREDIT HOURS

6.5 (Self-Study On-Demand); 8 (Group Live, Webcast)

KNOWLEDGE LEVEL

Basic

INTENDED AUDIENCE

Auditors and entity management involved in financial statement audits.

PREREQUISITE

None

ADVANCED PREPARATION

None

DELIVERY METHOD

Group Live, Self-Study On-Demand, Webcast

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Contact State Societies for Public Seminar Pricing and Additional Information