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Sarbanes-Oxley made it very clear that internal control is the responsibility of management – not the internal or external auditors. This requires every single individual within the organization, regardless of their role, to understand the concepts of internal controls and how they vary from day-to-day tasks of their job function
COSO 2013 has turned the focus up on understanding internal control and embedding the proper processes into the organizations daily activities. COSO 2013 added key control aspects to mandate knowledge of business and regulatory changes as well as an increased focus on information technology and fraud. It is imperative that all professionals understand the roles and responsibilities incumbent upon them when it relates to internal control.
It is also imperative that management learn and accept their critical role as it relates to the management and monitoring of internal controls.
Areas Covered in the Webinar:
- Internal control focus
- Internal control definition and history
- Internal control advantages/disadvantages
- COSO overview
- COSO 1992
- COSO 2013
- Methods to educate management
- Setting the stage
- Key monitoring methods
Who Will Benefit:
- Accountants
- Finance Personnel
- CFO
- Controller
- Board Members
- Management
- Risk and Legal Professionals
- Internal Auditors
- Compliance Professionals
- Process Improvement Professionals
Learning Objectives
- Explore The Internal Control Focus
- Explore the definition and history of Internal Control
- Recognize the advantages and disadvantages of Internal Control
- Explore an overview of COSO 1992 and COSO 2013
- Identify Methods to Educate Management.
- Recognize Key Monitoring Methods
Last updated/reviewed: November 10, 2019
Included In Certifications
This course is included in the following Certification Programs:
14 CoursesProfessional Bookkeeping Certification
- Bookkeeping: Terminology and Process Execution
- Bookkeeping: Debits And Credits
- Bookkeeping: Cash vs. Accrual
- Bookkeeping: Payroll And Expenses
- Bookkeeping: Legal Entity And Chart Of Accounts
- Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
- Bookkeeping: Responsibilities
- Bookkeeping: Fixed assets and inventory
- Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
- Management Internal Control Essentials
- GAAP Principles, Assumptions and Considerations
- GAAP Presentation of Financial Statements
- Bookkeeping Basics – Case Study Scenario
- Useful Bookkeeping Tools
19 CoursesInternal Controls Certification
- Management Internal Control Essentials
- COSO 2013 Overview
- Internal Audit Standards Overview
- Internal Audit Standards - Managing Internal Audit Work
- Internal Audit Standards - Executing the Audit Engagement
- Identifying and Implementing the Proper Balance of Internal Controls
- Documentation Methods For Internal Control Processes
- Information Technology (IT) Risks in Emerging Business Environments
- Foundations for a Strong Internal Audit Department
- Internal Audit: Keys to Managing an Effective Function
- Internal Audit Effective Relations with the Audit Committee
- Understanding Risk-Based Auditing
- Risk Based Auditing – Establishing a Methodology
- Risk Based Auditing – Applying the Methodology
- Segregation of Duties for Core Business Processes
- Professional Skepticism - Keys to Maintaining
- Whistleblower Hotlines - Effective Management
- Tools for Internal Control Certificate
- Lessons of an Auditor- Tools for Internal Control Certificate
19 CoursesINTERNAL CONTROLS CERTIFICATION - THE VIRTUAL LIVE PROGRAM
- COSO 2013 Overview
- Management Internal Control Essentials
- Identifying and Implementing the Proper Balance of Internal Controls
- Documentation Methods For Internal Control Processes
- Segregation of Duties for Core Business Processes
- Professional Skepticism - Keys to Maintaining
- Whistleblower Hotlines - Effective Management
- Understanding Risk-Based Auditing
- Internal Audit Effective Relations with the Audit Committee
- Internal Audit Standards Overview
- Internal Audit Standards - Managing Internal Audit Work
- Internal Audit Standards - Executing the Audit Engagement
- Information Technology (IT) Risks in Emerging Business Environments
- Foundations for a Strong Internal Audit Department
- Internal Audit: Keys to Managing an Effective Function
- Risk Based Auditing – Establishing a Methodology
- Risk Based Auditing – Applying the Methodology
- Tools for Internal Control Certificate
- Lessons of an Auditor- Tools for Internal Control Certificate
17 CoursesPROFESSIONAL BOOKKEEPING CERTIFICATION - THE VIRTUAL LIVE PROGRAM
- Bookkeeping: Terminology and Process Execution
- Bookkeeping: Legal Entity And Chart Of Accounts
- Bookkeeping: Responsibilities
- Management Internal Control Essentials
- GAAP Principles, Assumptions and Considerations
- Bookkeeping: Debits And Credits
- Bookkeeping: Cash vs. Accrual
- Bookkeeping: Payroll And Expenses
- Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
- Bookkeeping: Fixed assets and inventory
- Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
- GAAP Presentation of Financial Statements
- Bookkeeping Basics – Case Study Scenario
- Financial Statement Introduction
- Information Technology (IT) Risks in Emerging Business Environments
- Segregation of Duties for Core Business Processes
- Useful Bookkeeping Tools
14 CoursesNot-For-Profit and Small Business Entities Certification
- Introduction to Accounting For Not-for-Profit Entities
- Accounting for Not-for-Profit Entities
- Identifying and Implementing the Proper Balance of Internal Controls
- Segregation of Duties for Core Business Processes
- Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
- Bookkeeping: Payroll And Expenses
- Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
- Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
- Management Internal Control Essentials
- Financial Statement Essentials for Not-for-Profits
- Not-for-Profit Financial Statements Part 2
- Not for Profit Financials - Focus on Net Assets
- Cyber Risk in Small-Medium Entities
- Fraud in Small-Medium Entities
56 Reviews (223 ratings)Reviews
Babette Grothe
(Office Manager at Aircraft Turbine Works)
Another great overview of details over the topic. Lynn is a great teacher with good explanation.
Anonymous
(Accounting Manager)
This was a great course that not only laid out the established framework we should all follow in the accounting departments of our respective companies, but also gave practical examples on how to follow them, along with a coat/benefit analysis of doing so at the end.
Alex Kishkovich
(SFA at The City of Calgary)
I took a few individual courses designed by Lynn before enrolling in the Cert program. So there have not been any surprises to me and as expected the course was of the highest quality. it is great as an intro to the program or more advanced courses.
Anonymous
(Auditor)
This course explains the importance of internal controls and how they should be properly put in place in each company. It also provides an introduction to COSO 1992 and COSO 2013 and explains the differences that came with the release of COSO 2013.
Anonymous
(Project Manager)
The course provides a great overview of the broad internal controls, why they are important for management, an example mix of proper internal controls, and the regulatory reasons for why internal controls are necessary to the business enterprise.
John Filbert
(Consultant at DLC Group)
Great course to test your internal control knowledge. I would highly recommend to any accounting professional that is responsible for establishing and maintaining controls in their organization.
Noelle Abdallah
(manager at Joes Mini Market)
The text and presentation was clear and understandable. Very easy to follow along with the accompanying pdf. The way the course is broken up helps with completing it on your on time.
Kevin Murray
(Manager of Finance at NYSTRS)
An excellent course to explain how and why internal controls need to be developed and monitored by management. The title is appropriate in that all financial managers need to know.
Thomas Hayes
(Clinical Associate Professor at University of Arkansas)
Well-organized course. I'm surprised at how much I need to learn with the new COSO standards. I think anyone that teaches, uses, or audits internal controls would benefit.
Anonymous
(DIRECTOR)
This is a good refresher for those who have a good experience on internal controls. The presentation is very organized and the instructor is very knowledgable of the topic.
Jennifer Welch
(AVP Internal Auditor III at Community Bank of Texas)
The COSO information presented was excellent. Being able to integrate all of the different elements of this course into your daily operations routine is extremely helpful.
Felix Murphy
(Risk Control Analyst at VA - U.S. Department of Veterans Affairs)
This is a good general introduction to the internal controls program. I really liked the sections on educating management and setting the stage. Thanks.
Anonymous
(Accountant)
Again this is a great course on internal controls. Very helpful for those who are starting at entry level to understand the value and importance of IC.
Simeon Munezero
(Manager at RSM)
The course provide refreshing concepts and materials on COSO, type of controls, setting the stage, monitoring, etc. I am glad I selected the course.
Sam Grosoff
(Associate at RSM)
I've effectively learned about internal controls and what every financial and accounting professional should know regarding the topic.
K Harper
( at JLL)
GOOD OVERVIEW FOR ANY ORGANIZATION AS THEY INTRODUCE IC MEASURES
Anonymous
(VP of Finance)
Excellent course outlining all of the key points of a control framework - very pragmatic content and well delivered. Thank you.
Anonymous
(Accountant)
This course was very helpful and informative. I liked that it gave me a better understanding of Internal Control Essentials.
Anonymous
(Finance and Accounting Consultant)
Great course on internal controls, serving as an overview and introduction before jumping into more details and substance.
David Weichert
(Director of Finance and Administration at Parking Authority of the City of Lancast..)
Good introduction to the concepts of internal control and how it needs to be considered at all levels of an organization.
Anonymous
(Auditor)
Provides great information. This course is a great introduction into understanding internal controls as an auditor.
Anonymous
()
# I like this because it it simple yet powerful to make understand participants essentials of internal control;
Anonymous
()
This course on Management of internal controls was a well balanced course. I will train my coworkers from this.
Alpha Kakay
(Accounting at Five Guys Enterprise)
Internal control functions and the basis of SOX and COSO frameworks were effectively taught in this course.
Christine Matthes
(- at None)
Very good course on the revised coso framework presented by the lynn fountain - fast moving and relevant.
Anonymous
(Risk and Control Manager)
Solid general overview of defining controls and how to help implement a good control environment/culture.
Anonymous
(Program Management)
If you don't have an idea or concept of what internal controls is, then this is the best course for you.
Anonymous
(Controller)
A great overview of internal controls. I felt it could have been communicated in half the time though.
Anonymous
(Senior Manager, External Reporting and C..)
Good overview of IC and COSO. Slides were not too detailed, but detailed enough to get point across.
Anonymous
(Owner)
Good class. Lays out overall foundation of internal controls. Provides a good history on the COSO.
Anonymous
(Sr. Accountant)
A great overview of the importance of Internal Controls and who is responsible in an organization.
Anonymous
(Internal Auditor)
Solid overview of internal controls. The course was well planned and topics covered thoroughly.
Cristina Palacios
(Senior Internal Auditor at CommunityBank of Texas)
This presentation has been a great overview and refresher of internal controls and COSO.
Anonymous
(Manager)
Great overview of the new COSO 2013 and how it is applied within the organization.
Anonymous
(Auditor I)
The instructor used great examples and the material was a breeze to understand.
Anonymous
()
Always enjoy taking Lynn's courses. A great introduction into Internal Control.
Anonymous
(Office Manager)
Topic was covered in a though manner with additional input from the lecturer.
Anonymous
()
Well structured course. Presenter gives practical examples. Quality content.
Denise Kelly
(Bookkeeper at Rest Haven)
This course was very informative and very relevant to today's situations.
Stan Jones
(Director Program Management at Genesis Energy)
pro: great information.
con: there are a few typos but nothing major.
Anonymous
()
Well designed and very informative course that fully met its objectives.
Corey Masters
(Risk Specialist at PNC Investments)
A really good summary course on internal controls and their benefits.
Anonymous
(None)
A good course to explain the purpose and need of internal controls.
Ibrahim Khalil
(Accounting Manager at Laith Al Obaidi Cars Trading)
Good and simple, the explanation is good and understandable....
Anonymous
(Owner)
Easy to understand and remember, it is completely comprehensive
Lou Mortillaro, CMA
(Accounting Manager at American Financial Resources)
Good introductory course for those looking for an overview.
Edmeire Oliveira
(Director of Accounting Latam at EZCorp)
interesting subject, well distributed , good instructor
Sophia Kasozi
(- at City of Edmonton)
Great refresher and review of internal controls and COSO.
Anonymous
()
Good course. The Coso update was helpful as a refresher.
Marci Earnest
(Accounting Manager at Transtron America, Inc.)
I don't know what to say. This is the first lesson.
Anonymous
(ABCDE)
Good overview of COSO history and current framework
Anonymous
(-)
A good course that was communicated well.
Anonymous
(Senior Internal Auditor)
Good overview of internal controls
Anonymous
()
informative course.
Anonymous
(Sr. Internal Auditor)
.
Prerequisites
Course Complexity: Foundational
No Advanced Preparation or Prerequisites are needed for this course.
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 .