Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors
Learn the basic tools used to document processes and controls and identify departmental policies and procedures that function as the primary controls against errors and fraud.
NASBA Field of Study
Glenn L. Helms
The basic tools you need.
Are you able to identify departmental policies and procedures that function as the primary controls against errors and fraud?
Starting with an overview of the COSO guidance on the components and principles of internal control, this CPE self-study course will introduce you to basic tools used to document processes and controls. The course covers:
- The responsibilities of management versus those of the auditor;
- Identification of risks of errors and fraud and consideration of the presence (or absence) of related controls; and,
- How to interpret and evaluate management's documentation of accounting processes and controls for auditors performing field work.
- Financial statement auditors and entity management involved in financial statement audits
- Components and principles of internal control
- Concepts associated with the COSO framework
- Management responsibilities versus auditor responsibilities
- Common significant accounting processes
- Tools and techniques used for internal control documentation
- 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.
Group ordering for your team
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