Webcast: Internal Control and COSO Essentials for Financial Managers, Accountants (XAICDAD117)
Register Tell a Friend About This EventTell a Friend
 

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 prin

 Export to Your Calendar 6/16/2017
When: 06/16/2017
8:00 AM until 4:00 PM
Where: Webcast
AICPA
1366539:C4884FC981A62154B2123C9C37DE2719
United States
Presenter: Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP


Online registration is available until: 6/14/2017
« Go to Upcoming Event List  

AcronymXAICDAD117
CPE8 hours
VendorAICPA
Category
Auditing
LevelBasic
PrerequisiteNone
Adv PrepNone
Yellow Book?No
Designed forPractitioners responsible for or involved in financial statement audits
Registration
Member$249
CPA Non-Member$319

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course 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 course 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

Objectives
When you complete this course you will be able 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 control.
  • Identify ways to obtain efficiencies and effectiveness in internal control in various types of smaller entities.