COSO's Internal Control Framework Essentials

Thursday, April 25, 2024
Webcast or Webinar, Online
9:00 AM - 1:00 PM (opens at 8:30 AM) EST
4Credits
Accounting and Auditing

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$213.00 Regular Price
Non-Members
$261.00 Regular Price

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Course Type: Webcast
Course Code: 24/AI178938
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Auditing

Overview:

COSO framework overview

Gain an overview of COSO's internal control framework comprising five components and their related principles.
Learn how to evaluate the control environment, risk assessment, control activities, information and communication, and monitoring activities at your or your client's entity.
Through real-life examples, enhance your understanding of how to apply the framework as it relates to financial reporting whether you are an auditor or entity management.

Objectives:

  • 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.

Major 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
  • Major 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
  • Designed For:

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

    Prerequisites:

    None