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

8:30 am–4:15 pm ET

# of CPE Credits

8

Description

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 webcast 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.
 
TOPICS DISCUSSED * 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

Objective

* 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.

Highlights

See Event Description

Who Should Attend

Practitioners responsible for or involved in financial statement audits

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Dr. Glenn L. Helms, Ph.D, CIA, CPA, CISA, CFF, CITP ( Greensboro, NC ),

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.

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*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 4, 2019 (9:00 am–4:45 pm ET)
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Event Vendor:The Association of International Certified Professional Accountants
Field of Study:Auditing
Level: Basic
Other:New Course

Event Type:Webcast
Event Code:W0036419

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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