Many managers, supervisors, and accountants in business, government or nonprofits are not able to identify their departmental policies and procedures that function as the primary controls against errors and fraud. Alternately, auditors performing field work may be confused about how to interpret and evaluate management’s documentation of accounting processes and controls. Neither party may truly understand how their duties differ. After an overview of the COSO guidance on the components and principles of internal control, this course introduces participants to basic tools used to document processes and controls. Participants also discuss the identification of the risks of errors and fraud and consideration the presence (or absence) of related controls.
Components and principles of internal control
Concepts associated with the COSO framework
Management responsibilities vs. auditor responsibilities
Common significant accounting processes
Tools and techniques used for internal control documentation
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.
Designed For:Auditors, managers, supervisors, accountants, and others with duties critical to the system of internal control in business, government or nonprofits
Member/Nonmember Fees:249 / 319
CPE:Auditing 8 hour(s)
Yellow Book Credit:No
Cancellation or transfer requests made six(6) business days or more prior to the program, no fee assessed.
Cancellation or transfer requests made two(2) to five(5) business days prior to the program, $25 fee assessed.
Cancellation or transfer requests made one business day prior to the program, $50 fee assessed.
Day of program or no notice of cancellation, 100 percent course fee assessed.
If you transfer from an in-class course to a webcast, the above policies apply.
Remember, the COCPA reserves the right to cancel a course seven days prior to the program date. Please keep this cancellation policy in mind when making your travel plans and airline reservations. The COCPA will not be liable for flight cancellation penalties due to our cancellation.
To cancel or transfer a course, please contact the Member Services department at 303-773-2877 or 800-523-9082.