20WS-1443: Surgent's Key COSO Concepts: Managing Risk to Achieve Your Business Objectives (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Wednesday, December 16, 2020
12:00pm - 3:30pm Central Time
4 CPE ()
All successful entities, regardless of nature, size, and complexity, must have a well-designed and effectively operating system of internal controls over reliable financial reporting, in addition to managing other risks. This course will provide practical guidance on exactly what a sound system of internal controls "looks like" and the resulting impact on the reliability of financial statements, particularly for smaller entities. In addition, we will explore COSO's 2013 Internal Control - Integrated Framework that is used to better manage the unique and challenging risks of today's entities.
Major subjects
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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
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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
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Evaluating design and implementation of an entity's design on internal controls, including impact on risk of material misstatement in financial statements
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Testing controls for operating effectiveness, including determining sufficiency and appropriateness of the nature, timing, and extent of control testing procedures
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Special considerations when using outside service organizations
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Key concepts of the Enterprise Risk Managementthat expands on internal control, providing a more robust and extensive focus of broader risk management
Learning objective(s)
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Explain the evolution of internal control concepts, culminating in the 2013 version of COSO's Internal Control-Integrated Framework
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Describe important internal control concepts related to evaluating the design, implementation, and operating effectivenes
Who should take this program?
Accountants both in public and private practice responsible for designing, evaluating, and/or monitoring internal controls over financial reporting
Fees
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$139.00
(Standard Nonmember Fee).
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Standard Member Fee |
$139.00
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Standard Nonmember Fee |
$139.00
|