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CPE Self-Study

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

  • $129.00-$169.00
    Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors In Stock Product #: 731908
    AICPA Member: $129.00
    Non-Member: $169.00
  • $109.00-$139.00
    Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors Online Access Product #: 159824
    AICPA Member: $109.00
    Non-Member: $139.00

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.

Topics Discussed

  • 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

Learning Objectives

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.

Prerequisite: None

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.

System Requirements

About the Authors

Gerry Fujimoto, CPA



Glen Helms PH.D, CPA, CIA, CISA, CFF, CITP



Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP

Greensboro, NC

Dr. Glenn L. Helms was the Arthur Young Fellow in IT Auditing at the University of Houston and has served as Director of Certification for the International Certified Information Systems Auditor program. He has served on numerous national and international academic and professional committees including the American Institute of Certified Public Accountant's Auditing Standards Board's Computer Auditing Subcommittee and its Specialized Accreditation Board.

Dr. Helms has presented over 2,000 professional seminars throughout North and South America, Europe, and Asia. He has published over 60 articles in a wide range of practitioner and academic journals. He has served on the editorial advisory boards of several national and international journals. His books address security, controls and fraud in a variety of environments. He has numerous years' experience in public accounting and serves as a consultant to various organizations including CPA firms, financial institutions, and large and small entities.

He has authored numerous CPE courses including - Internal Control Best Practices for Small- and Medium-Sized Entities, Purchasing, Inventory and Cash Disbursements: Common Frauds and Internal Controls, Revenue and Cash Receipts: Common Frauds and Internal Controls, Internal Control Essentials for Financial Managers, Accountants, and Auditors, Forensic Accounting Investigative Practices, Transaction Processing Controls Best Practices for Small- and Medium-Sized Entities, and IT Risk and Controls in Traditional and Emerging Environments Dr. Helms is a multiple year recipient of the Don Farmer Award, and also the Outstanding Discussion Leader Award from the AICPA for every year that the award has been presented. He has received similar awards from state societies and universities.



About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.