Webcast: Implementing and Maintaining an Internal Control System (XCIMICW17)
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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

 Export to Your Calendar 6/23/2017
When: 06/23/2017
8:30 AM until 4:00 PM
Where: Webcast
CALCPA
4173384Y
United States
Presenter: Karl Egnatoff, CPA


Online registration is available until: 6/21/2017
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AcronymXCIMICW17
CPE8 hours
VendorCalCPA
Category
Accounting & Auditing
LevelIntermediate
PrerequisiteA basic understanding of Internal Control concepts
Adv PrepNone
Yellow Book?No
Designed forAccounting and other business professionals that would like to have an understanding of internal control implementation and testing procedures
Registration
Member$245
CPA Non-Member$375

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 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.

Objectives

 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

Major Topics

  • 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