Management Internal Control Essentials

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

Note: Information within this course comes from readily available public domain documents and is utilized by the trainer as a supplement for relaying the course content.