Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors (Self-Study)

Code: JI159825

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 6.0
of study
Auditing - Technical (6.0)
Standard member fee $99.00
checkmarkStandard nonmember fee $129.00

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This CPE course gives you a solid understanding of systems and control documentation. After an overview of the latest COSO guidance on the components and principles of effective internal control, this course introduces you to basic tools used to document an accounting process. You will then identify the risks of errors and fraud in the accounting system and the presence (or absence) of compensating controls. Finally, you will practice identifying key controls and control weaknesses.

Who should take this program?

Auditors, managers, supervisors, accountants, and others with duties critical to the system of internal control in business, government or nonprofits

Major subjects

  • Fundamental components and principles of internal control
  • Integrated framework
  • Management responsibilities vs. auditor responsibilities
  • Common significant accounting processes
  • Fraud risks for major classes of transactions
  • Tools and techniques used for internal control documentation
  • Estimating the cost and benefit of remedying a control weakness
  • The seventeen principles contained within the COSO Internal Control - Integrated Framework underlying each component of internal control

Learning objective(s)

  • Describe factors that an auditor should consider when obtaining an understanding of the entity and its environment.
  • Identify keys to success in designing a control environment with strong internal controls.
  • Explain the steps required as part of management's documentation of control activities.
  • Describe tools that can assist in the documentation of internal controls.


Course code Code JI159825
Sponsor AICPA
NASBA ID#: 112891
Level Basic
Format Self-Study (On-Demand)
Prerequisites Prereq. None