Webcast: An Overview of the COSO Internal Control Framework (XCOCCFW18)
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The leading internal control framework businesses use is the one outlined by Committee of Sponsoring Organizations of the Treadway Commission (COSO). Examine the COSO framework's key elements and learn how the combination forms a stable internal control s

5/21/2018
When: 05/21/2018
11:30 AM until 1:30 PM
Where: Webcast
CALCPA
4183300B
Louisiana
United States
Presenter: Karl Egnatoff, CPA


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The leading internal control framework businesses use is the one outlined by Committee of Sponsoring Organizations of the Treadway Commission (COSO). Examine the COSO framework's key elements and learn how the combination forms a stable internal control system.

This model, updated in 2013, defines internal control processes. This framework sets forth fundamental concepts that explain the importance of three categories of control objectives and defines five key components of Internal Control.

Materials are provided as an ebook for this course.

Acronym XCOCCFW18
CPE 2 hours
Vendor CalCPA
Category
A&A
Level Intermediate
Prerequisite

An understanding of basic internal control principles.

Adv Prep

None

Yellow Book?
Registration Fees
Members* $60
CPA Non-Members $94

*The member rate applies to LCPA members, other state CPA 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

The leading internal control framework businesses use is the one outlined by Committee of Sponsoring Organizations of the Treadway Commission (COSO). Examine the COSO framework's key elements and learn how the combination forms a stable internal control system.

This model, updated in 2013, defines internal control processes. This framework sets forth fundamental concepts that explain the importance of three categories of control objectives and defines five key components of Internal Control.

Materials are provided as an ebook for this course.

Objectives

  • List the five key components of internal control
  • Understand key internal control concepts, including the four types of internal control: preventive, detective, deterrent and compensating
  • Explain how controls fit into the management structure of organizations
  • Explain the importance of the control environment

Major Topics

  • This session uses case studies adapted from real-world examples. Topics include:
    • COSO Model Components
    • Understanding the importance of Control System Structure
    • An Overview of Control Objectives and Types

    Note: Login instructions will be provided by the webcast vendor (CalCPA).