Course ID: CL4ICDAD

Updated COSO Framework: What You Need to Know

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. This course provides an overview of COSO guidance on components and principles of internal control.


LEARNING OBJECTIVES
  • Recall the types of internal control objectives
  • Recall key points related to each of the five components of internal control and the related principles and points of focus, including examples

MAJOR TOPICS
  • Definitions of internal control
  • Control Objectives
  • Control environment
  • Risk assessment and fraud
  • Control activities
  • Information and communication
  • Monitoring activities

DESIGNED FOR
Managers, supervisors, accountants and others with duties critical to the system of internal control in business, government or nonprofits, members of SOX 404 internal control assessment teams, auditors

FIELD OF STUDY
Auditing

PREREQUISITES
Previous experience with transaction workflows

COURSE PRODUCER
AICPA

CPE CREDITS
4.0

LEVEL
Intermediate

This course is available for your group as:

Group Live
 

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