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Implementing & Maintaining an Internal Control System

8:30 am–4:15 pm ET

# of CPE Credits

8

Description

Many organizations are successful as they create a system of internal controls, however some fail to properly implement the measures that are established. Moreover, entities regularly neglect the important process of testing, monitoring, and updating control procedures, which weakens the entire internal control structure. This session provides an overview of control creation methods and discusses ways to successfully implement policies and procedures. Additionally, it includes an array of control maintenance checklists that participants can take and adapt to their organization as they work to improve policies and procedures. Finally, it provides an understanding of the need for dynamic, fluid controls that adapt to changes in business tools and methods. Participants that take this course will have a strengthened ability to implement and maintain an internal control system.

Objective

Once participants have completed this session they should be able to * Understand the steps needed to implement a developed system of internal controls * Build control measure schedules that function weekly, monthly, quarterly, and yearly, and that are designed to test and monitor the internal control structure of an organization * Show knowledge related to testing control measures to make sure they are working properly * Understand the need to update existing controls to keep them viable as business operations change * List methods that can be used to communicate policy and procedure changes to those that are affected by these changes

Highlights

* This session is taught via the use of case studies adapted from real-world examples * These examples help establish the importance of properly implementing and maintaining internal control measures * The topics discussed in this session include * Considerations for the maintenance of an internal control system * The types of policies and procedures organizations should utilize * Reviewing and testing control measures * Updating controls and implementing control changes

Who Should Attend

Accounting and other business professionals who would like to have an understanding of internal control implementation and testing procedures

Required Knowledge

A basic understanding of Internal Control concepts

Advanced Prep

None

Event Speaker(s)

Karl Egnatoff, CPA, CITP ( Phoenix Beach, LLC, Myrtle Beach, SC ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at onlinelearning@ncacpa.org, and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at support@peachnewmedia.com.

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via phone or email 30 minutes prior to the start of a live online program.

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Also Available As

Webcast
Wednesday, September 18, 2019 (8:30 am–4:15 pm ET)
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Webcast
Wednesday, November 20, 2019 (8:30 am–4:15 pm ET)
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Event Vendor:Phoenix Beach, LLC
Field of Study:Accounting
Level: Intermediate
Other:New Course

Event Type:Webcast
Event Code:W0019419

Registration Fees

Registration Fee Early Bird Regular
NCACPA Member N/A $280.00
Non-Member N/A $380.00
CPE Sponsors LogoThe National Registry of CPE Sponsors is a program offered by the National Association of State Boards of Accountancy (NASBA) to recognize CPE program sponsors who provide continuing professional education (CPE) programs in accordance with nationally recognized standards. The North Carolina Association of Certified Public Accountants is registered with NASBA as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

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