Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors
This CPE course helps financial managers, accountants and auditors gain an understanding of Internal Control and the COSO framework within business, government or nonprofit entities.
The course covers the components and principles of effective internal control and introduces you to basic tools used to document the accounting process. It will also help you identify the risks of errors and fraud in the accounting system, the presence (or absence) of compensating controls, and provide practice in identifying key controls and control weaknesses.
- Components and principles of internal control
- Concepts associated with the COSO framework
- Management responsibilities vs. auditor responsibilities
- Common significant accounting processes
- Fraud risks for major classes of transactions
- Tools and techniques used for internal control documentation
This course will prepare you 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 controls
- Identify ways to obtain efficiencies and effectiveness in internal control in various types of smaller entities
Who Will Benefit?
Anyone in business, government or not-for-profits with duties critical to the system of internal control, including auditors, managers, supervisors, and accountants.
Advance Preparation: None
Enhanced On-Demand Format
This enhanced on-demand format features audio and voice narration to keep you actively engaged with the course content. Additionally, updated course navigation allows you to easily move throughout the material. For your convenience, a PDF version of the text manual is included for download to use as a reference guide.
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