Internal Controls: What Every Financial and Accounting Professional Needs to Know (Completed)
Registration closed on March 30, 2025 at 12:00am Pacific Time
Date: Friday, April 11, 2025
Instructor: Lynn Fountain
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
Sarbanes-Oxley made it very clear that internal control is the responsibility of management – not the internal or external auditors. This requires every single individual within the organization, regardless of their role, to understand the concepts of internal controls and how they vary from day-to-day tasks of their job function
COSO 2013 has turned the focus up on understanding internal control and embedding the proper processes into the organizations daily activities. COSO 2013 added key control aspects to mandate knowledge of business and regulatory changes as well as an increased focus on information technology and fraud. It is imperative that all professionals understand the roles and responsibilities incumbent upon them when it relates to internal control.
Who Should Attend
Controllers, Accountants, Auditors, Tax Professionals
Topics Covered
- Background of internal controls and their evolution in today's technical world
- Important role of an internal control framework such as COSO 2013
- Key aspects to understanding how internal controls impact professional roles
Learning Objectives
- Recognize internal control focus
- Identify and explore the definition and history of internal controls
- Recognize the advantages and disadvantages of internal control
- Explore an overview of COSO 1992 and COSO 2013
- Identify methods to educate management
- Recognize key monitoring methods
- Setting the stage
Level
Intermediate
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (1 hour), Business Management & Organization (1 hour)
Program Prerequisites
Basic understanding of internal controls
Advance Preparation
None
