Instructor for this course
more

It's been more than 20 years since the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its Internal Control—Integrated Framework (the original framework). The original framework is widely accepted as a leading framework for designing, implementing, and conducting internal control and assessing the effectiveness of internal control. Since then, technology has drastically changed the business operating environment and the associated risks. In May 2013, the COSO foundation released an update to the framework.

The framework was updated due to global economic changes, enhanced information technology and increased shareholder expectations. Professionals must obtain a basic understanding of the concepts, principles and potential impact, including changes from the 1992 framework and the key COSO components and 17 principles. This course provides a comprehensive overview of the important concepts of COSO 2013, including framework requirements and implementation, control environment compliance, risk assessment, and complying with information, communication, and monitoring components. You learn about the important changes in the COSO framework and explore opportunities for management to place a renewed focus on internal control and enhance and solidify their Sarbanes-Oxley attestation.

“Citations of information on the COSO framework, principles and points of focus mentioned through this course are directly worded from the COSO literature and relayed here with the permission of COSO.org as a training mechanism related to their framework. The full document of the Framework can be found at COSO.org”.

Last updated/reviewed: June 9, 2021

Included In Certifications

This course is included in the following Certification Programs:

15 CoursesManagement Oversight, Analysis and Internal Controls Certification

  1. Management Internal Control Essentials
  2. Comprehensive Examination of COSO 2013: Components and Principles
  3. Keys to an Effective Code of Conduct
  4. Fraud Risk Assessments
  5. Enterprise Risk Management 101
  6. Identifying and Implementing the Proper Balance of Internal Controls
  7. Information Technology (IT) Controls in Emerging Business Environments
  8. Analyzing Financial Ratios - Solvency, Liquidity and Debt
  9. Analyzing Financial Ratios - Leverage
  10. Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
  11. Keys to Understanding Conflicts of Interest
  12. Documentation Methods For Internal Control Processes
  13. Segregation of Duties for Core Business Processes
  14. Professional Skepticism - Keys to Maintaining
  15. Whistleblower Hotlines - Effective Management

67 Reviews (235 ratings)Reviews

4
Member's Profile
This was a great comprehensive view of COSO. The teacher did a great job explaining why the principles and components of the framework are critical to companies today and also provided background of items that had changed between the original 1992 framework and the "new" 2013 standards. There was a lot of information covered in this class, but it was presented well and organized into sections which was helpful in the learning process.
5
Anonymous Author
This is quite a bit of information and time. I think one should/could earn more than 10 credits for the time and effort. Very comprehensive outline of COSO and updated framework, and the review and final exams were ensured that one did read and understood the framework, principles and point of focus activities. Awesome.
5
Member's Profile
Although I am not involved in audit activities in my current job, this course helped me to understand the control environment and control activities as the relate to my job. Ms. Fountain gave excellent examples that helped to clarify the concepts being discussed. Thank you.
5
Member's Profile
This is a comprehensive course on COSO concepts and principles. It was a lot of information to digest but instructor broke it down in blocks and made easier to understand. My favorite part is the summary section at the end of each block, very helpful.
3
Member's Profile
A hard course. So much information to digest. Maybe because it was my first serious exposure to this information, it was hard for me to answer many of the multiple choice questions because two possible answers seemed do close to being right.
4
Anonymous Author
the course is very difficult, and it took me more than 7 hours to understand what was taught in the course. But after all I successfully passed the exam, which gave me a relief!Thanks for Ms.Lynn' great work!
5
Anonymous Author
A very detailed and insightful course on the COSO Framework. The instructor makes the long course exciting and manageable. Anyone that deals with internal controls should take this course, which is everyone!
4
Anonymous Author
The course provided the critial information required to gain an understanding of COSO 2013 as opposed to the 1992 version. However, it was a lot of information to cover and retain in the planned period.
3
Anonymous Author
The information was good but I think they piece were broken down too much. Have 2 min and even less classes made it very cumbersome and stopped the flow of the class. But the data was great.
5
Member's Profile
this course was very good to help understand how to apply internal controls over operations and financial reporting. It was very good to understand the 17 principles and the points of focus.
5
Member's Profile
The course provided a lot of great information as to why COSO was updated in 2013 and how it was updated. It provided good advice on how to implement COSO guidelines in your organization.
4
Anonymous Author
This course provides great detail on COSO Framework. It helps to have a knowledge of internal controls as it all comes together here. Good documentation and great instruction.
5
Member's Profile
This was a good but difficult course. There is a lot of material and I don't know if it would be beneficial or possible to split it up. The instructor was enjoyable.
5
Member's Profile
I enjoyed this course. I feel like everyone in our profession would benefit from this course. Very informative and an important part of a foundation for a business.
5
Anonymous Author
Another great course from Lynn! With a lot of real life examples it has the highest possible value. The course is a very good introduction to COSO and good refresher.
5
Member's Profile
Awesome! Very thorough but not overwhelming. It provided me the tools I need to communicate to the management at my company about how important COSO is.
5
Member's Profile
The control environment training was really thorough and very applicable to my current position. Thank you for reviewing all of these key concepts.
5
Anonymous Author
This course is a great course for anyone wanting to learn more about COSO. It was a great refresher and was laid out in an easy to follow format.
4
Member's Profile
It was a good course, but wished the supplemental materials was in one slide deck (instead of several), and were as comprehensive as the videos.
5
Member's Profile
Excellent course and material. The course was very detailed and increased my knowledge significantly. It would strongly recommend this course.
5
Anonymous Author
The comprehensive examination of COSO 2013 provided a good refresher on why there was an update and what the differences are compared to 1992.
5
Member's Profile
This course was a good overview of COSO 2013 and provides enough detail to help establish a COSO framework for your company. Very well done.
4
Member's Profile
Great perspective on a difficult to get our arms around concept. Appreciate the update on the new COSO in easy to see and understand course.
5
Member's Profile
thank you for all this information and was a great topic and very important and we dealt almost every day in all level on the organizations
5
Anonymous Author
The comprehensive COSO 2013 seminar was outstanding. The objectives were more than met and the supporting materials are very instructive.
5
Anonymous Author
Felt this course was a good basic understanding of Coso and how it should be implemented in operations and throughout an organization.
5
Anonymous Author
Very meaty and in-depth course. Lots of good material and questions to consider when establishing and reviewing controls. Thank you.
4
Member's Profile
Very comprenhensive review of the COSO model. I liked the author gave many real examples of how to apply COSO in an organization.
4
Member's Profile
A comprehensive overview, and worthwhile to anyone who needs to be concerned about internal control - that's not just auditors!
5
Anonymous Author
Very through look at COSO and its application by management, auditors, and organizations as it relates to internal control.
5
Anonymous Author
This course was a great refresher on the new COSO Framework, the 5 components and 17 principles. Great content and materials.
5
Member's Profile
This instructor is excellent! I really felt like I gained a lot of knowledge with this course without being overwhelmed!
5
Member's Profile
The course was very comprehensive and covered a wide variety of topics related to COSO. It was a good refresher course.
5
Anonymous Author
Great refresher on the COSO framework and the organizational impact of implementing its principles/points of focus.
5
Member's Profile
Very informative class of risks and management considerations. I highly recommend for anyone needing a refresher.
4
Anonymous Author
Great instructor. She is very knowledgeable. I have taken most of classes and really enjoy her teachings style.
5
Anonymous Author
Very interesting material. The facilitator is very knowledgeable and makes the material very interesting.
5
Anonymous Author
Great COSO review. I liked the way the course was structured. The length of the material was adequate.
5
Member's Profile
This applies to the work I am doing now. I will use the new items I learned in my everyday projects.
5
Anonymous Author
This COSO course was very informative - I learned so much that I did not know. I recommend to anyone
5
Anonymous Author
This was a great overview of COSO 2013 including how to move COSO to the operationalization stage.
5
Member's Profile
Excellent recap of COSO 2013 and the changes since the 1992 framework came out.
5
Anonymous Author
Very thorough and easy to understand course and instructor. The use of examples was very helpful.
5
Anonymous Author
A lot of information to digest, but presented in a way to make it applicable and understandable.
5
Member's Profile
I thought the course was very done well. Thank you for the information. Keep on , keeping on.
5
Member's Profile
This webinar was very educational. Thank you for extending this opportunity to me. Thanks.
4
Member's Profile
This was too much information at once. The test should have been broken out by session.
5
Anonymous Author
Very comprehensive course which identifies the key changes to the COSO framework.
5
Anonymous Author
Very detailed and comprehensive. I enjoyed it and recommend it to every Auditor.
5
Anonymous Author
Very detailed course on the COSO framework and its importance to organizations.
5
Anonymous Author
Course is extremely useful in the details it provides for compliance purposes.
4
Member's Profile
Great course, good overview of new material and refresher on older material.
5
Member's Profile
Wonderful overview of COSO including all relevant changes in the 2013 version
4
Member's Profile
Excellent review on COSO 2013 and its relevance in today's IT driven world.
5
Anonymous Author
Very detailed course, but well done. Great presentation and information.
5
Anonymous Author
A highly comprehensive COSO review. The trainer was awesome throughout.
5
Member's Profile
Very good detailed summary of all aspects of the new COSO framework.
4
Anonymous Author
Good overview of the new Coso environment that we should consider.
5
Member's Profile
Course met all stated objectives and instructor was very detailed.
3
Anonymous Author
works well for my continuing cpe requirements for me cpa and cia
4
Anonymous Author
The topic was a bit overwhelming, but it is very comprehensive.
5
Anonymous Author
great course and passed on 1st try will recommend give it a try
5
Anonymous Author
Clear information about the main ideas addressed in COSO 2013.
5
Anonymous Author
Covered the subject extensively and in an interesting manner.
5
Member's Profile
Great PDF Handouts to use to reflect back on the course.
5
Member's Profile
Very informative and detailed. Highly recommended.
5
Anonymous Author
Great material

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
COSO 2013 Framework Requirements & Implementation
  3:29Introduction to COSO 2013
  6:37Definition and Benefits of IC
  8:23IC Basic Tenants
  2:42COSO 2013 Benefits and Challenges
  9:46Basic Framework
  13:45COSO Update and Key Changes
  2:33Keys to COSO 17 Principles
  7:13Control Environment
  5:15Risk Assessment
  7:14Control Activities
  2:38Monitoring
  4:52Framework Application
  3:14Needs Impact and Compliance Plan
  7:19Compliance
  2:43Summary
COSO 2013 Control Environment Compliance
  3:05Introduction to Requirements for the Control Environment
  7:26Defining The Control Environment
  16:10Control Environment Attributes
  19:25Control Environment Principles 1 - 5
  5:43Mapping CE Principles
  8:37Methods of Evaluation and Course Summary
COSO 2013 Risk Assessment Compliance
  3:49Introduction to The Risk Assessment Attribute
  14:52Principles and Components of Risk Assessment
  16:04A Closer look at Principle 6
  8:28A Closer Look at Principle 7
  10:05A Closer Look at Principle 8
  8:38Principle 9 and Course Summary
COSO 2013 Control Activity Compliance
  1:32Introduction to the Control Activity Attribute
  17:27Defining Control Activities
  2:50Control Activity Principles
  8:39Principle 10
  4:30Principle 11
  9:18Principle 12
  6:29Mapping CE Principles and Course Summary
COSO 2013 Requirements for Information & Communica
  2:05Introduction to Information & Communication
  10:23Defining Information and Communication
  18:24Information and Communication Principles
  12:23Points of Focus that Support the I&C Principles
  5:45Understanding How to Utilize the POF in Your Transition Process
  6:08Course Conclusion and Summary
COSO 2013 Requirements for Monitoring Component
  3:44Introduction to the Monitoring Component of Coso 2013
  10:20Defining Monitoring
  3:25Monitoring Principles
  24:38Principle 16
  12:38Principle 17
  8:50Monitoring as a Support for other COSO Components and Conclusion
Moving COSO to Operationalization Stage
  6:26Introduction to Operationalizing COSO
  5:17Driving Force Behind Operationalizing COSO
  7:30Governance, Globalization and Business Models
  13:02Laws, Accountabilities, Fraud
  4:26COSO Principles: Application to Operation/Compliance Processes
  2:16Control Environment
  10:54Principle One and Two
  12:15Principles Three, Four and Five
  5:59Risk Assessment
  6:06Principles Six and Seven
  9:23Principle Eight
  4:34Principle Nine
  5:41Control Activities
  19:32Principle Ten
  12:21Principle Eleven
  11:43Information and Communication Principles
  11:22Monitoring and Summary
Continuous Plays
  1:27:43COSO 2013 Framework Requirements & Implementation Overview Continuous Play
  1:01:42COSO 2013 Control Environment Compliance Continuous Play
  1:02:56COSO 2013 Risk Assessment Compliance Continuous Play
  53:29COSO 2013 Control Activity Compliance Continuous Play
  58:46COSO 2013 Requirements for Complying with the Information & Communication Component Continuous Play
  1:05:16COSO 2013: Requirements for Complying with the Monitoring Component of COSO Continuous Play
  2:28:48Moving COSO to Operationalization Stage Continuous Play
SUPPORTING MATERIALS
  ZIPSlides, Glossary/Index, Supporting Materials All Cost Courses.
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM