COSO's Internal Control Framework Essentials

Overview

Evaluate your or your client's system of internal control with confidence using COSO's internal control framework.

Highlights

Key Topics

• 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

Prerequisites

None

Designed For

Who Will Benefit

Financial statement auditors, internal auditors and entity management involved in financial statement audits

Objectives

Learning Outcomes

• Recall key points related to the components of internal control and related principles and points of focus.
• Identify applicable professional standards that address each component of internal control.