CPE Course Surgent's Key COSO Concepts: Managing Risk to Achieve Your Business Objectives (COS4)

April 21, 2021

9:00 AM — 12:30PM

Location Webinar

Member Price $139.00
Non-member Price $169.00

Curriculum Accounting & Audit

Field of Interest

Level Intermediate

Designed For

Accountants both in public and private practice responsible for designing, evaluating, and/or monitoring internal controls over financial reporting

Objective

  • Explain the evolution of internal control concepts, culminating in the 2013 version of COSO’s Internal Control-Integrated Framework
  • Describe important internal control concepts related to evaluating the design, implementation, and operating effectiveness of internal control over reliable financial reporting
  • Be familiar with a more extensive enterprise-wide risk management approach guided by COSO’s Enterprise Risk Management
  • Be familiar with practical implementation tips and examples

Highlights

  • Important elements of the 2013 COSO guidance and how they can be applied to manage threats to an entity’s ability to achieve its objectives
  • Key components of internal control per the COSO Internal Control - Integrated Framework, and the significant role each plays in the design and operating effectiveness of internal control over reliable financial reporting
  • Evaluating design and implementation of an entity’s design on internal controls, including impact on risk of material misstatement in financial statements
  • Testing controls for operating effectiveness, including determining sufficiency and appropriateness of the nature, timing, and extent of control testing procedures
  • Special considerations when using outside service organizations
  • Key concepts of the Enterprise Risk Management that expands on internal control, providing a more robust and extensive focus of broader risk management

Instructors

Prerequisites

Experience with designing, evaluating, or monitoring internal controls

Developer

Surgent McCoy CPE, LLC

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