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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 Availability : In Stock Product #: 731909
    AICPA Member: $129.00
    Non-Member: $169.00
  • $99.00-$129.00
    Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors Availability : Online Access Product #: 159825
    AICPA Member: $99.00
    Non-Member: $129.00
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Are you able to identify departmental policies and procedures that function as the primary controls against errors and fraud? Do you know the responsibilities of management versus those of the auditor? Are you or your auditors performing field work confused about how to interpret and evaluate management’s documentation of accounting processes and controls? Starting with an overview of the COSO guidance on the components and principles of internal control, this CPE course introduces participants to basic tools used to document processes and controls. Participants also discuss the identification of risks of errors and fraud and consideration of the presence (or absence) of related controls.

Learning Objectives

This course will prepare you to do the following:

  • 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 Discussed

  • Components and principles of internal control
  • Concepts associated with the COSO framework
  • Management responsibilities versus auditor responsibilities
  • Common significant accounting processes
  • Tools and techniques used for internal control documentation

Who Will Benefit?

Practitioners responsible for or involved in financial statement audits.

System Requirements

About the Authors

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

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 3,000 professional seminars throughout North and South America, Europe, and Asia. He has published over 70 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.

Dr. Helms has authored over 50 CPE course addressing internal control, forensic accounting, and IT auditing. 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

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.