15ICSM: Internal Control Best Practices for Small- and Medium-Sized Entities

If you have questions about this event, please call us at 952-831-2707.

Tuesday, August 18, 2015
8:30am - 4:30pm Central Time
8 CPE (8 technical)
Minnesota Society of CPAs, Bloomington

Internal control concepts apply to every entity, regardless of size. There's no one-size-fits-all approach, so you can't simply apply the internal control best practices of a large entity to a small one. Small- and medium-sized entities require specialized solutions. Explore the best practices for designing, implementing, monitoring, evaluating and auditing cost-effective internal controls for small- and medium-sized entities so you can successfully prevent and detect fraud.

Major subjects

• Updated COSO internal control framework and related principles
• Methods for adapting the COSO framework for small- and medium-sized entities
• Cost-effective controls for very small entities such as mom-and-pop businesses, small school districts or municipalities
• Identifying the principles of information and communication
• Risks associated with failure to implement internal controls
• Cost-effective transaction processing systems controls
• IT and manual controls that can be implemented in a variety of environments, including in-house, cloud computing and network
• Guidance for implementing mitigating controls when primary controls are not available

Learning objective(s)

• Understand how to use a variety of specific internal controls in a cost-effective manner for each component of the updated COSO integrated framework in both small- and medium-sized entities and larger entities with decentralized operations

Who should take this program?

Accountants, auditors and managers who are responsible for implementing, monitoring, evaluating, auditing and designing internal controls for small- and medium-sized entities

Fees

Standard Member Fee	$299.00
Standard Nonmember Fee	$349.00