Internal Control and COSO Essentials for Financial Managers, Accountants, and Auditors
LIVE

Online Event

11 June, 2019 + 1 more

8:00 am - 4:00 pm UTC

Webcast
8:00 am - 4:00 pm UTC

Internal Control and COSO Essentials for Financial Managers, Accountants, and Auditors

Speaker: Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP

  • Format

    Webcast

  • Level

    Basic

  • Duration

    8h

After an overview of the Committee of Sponsoring Organisations (COSO) guidance on the components and principles of internal control, this webcast introduces participants to basic tools used to document processes and controls.

Learning outcomes

  • Recall factors that an auditor should consider when obtaining an understanding of the entity and its environment, including internal control
  • Identify keys to success in designing a control environment with strong internal controls
  • Recall internal control objectives, components, and principles
  • Identify tools that can assist in the documentation of internal control
  • Identify ways to obtain efficiencies and effectiveness in internal control in various types of smaller entities

Select a date and time

£199.00 (CIMA members only)

£249.00

VAT calculated on checkout

Product information

Overview

Many managers, supervisors, and accountants in business, government, or non-profits are not able to identify their departmental policies and procedures that function as the primary controls against errors and fraud. Alternately, auditors performing field work may be confused about how to interpret and evaluate management’s documentation of accounting processes and controls. Neither party may truly understand how their duties differ.

After an overview of the Committee of Sponsoring Organisations (COSO) guidance on the components and principles of internal control, this webcast introduces participants to basic tools used to document processes and controls. Participants will also identify the risks of errors and fraud and consider the presence (or absence) of related controls.

TOPICS DISCUSSED

  • Components and principles of internal control
  • Concepts associated with the COSO framework
  • Management responsibilities versus auditor responsibilities
  • Common significant accounting processes
  • Tools and techniques used for internal control documentation

Who should take this course?

  • Practitioners responsible for or involved in financial statement audits

Professional development

All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Prerequisites:None
Programme level:Basic
Duration:8h
Format:Webcast
Access:This is a live event. You will have access to webcast on the date/time of broadcast and the archive for 3 months after the broadcast date.

Return and refund policy

£199.00 (CIMA members only)

£249.00

VAT calculated on checkout

Speaker

  • Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP

    Dr. Glenn L. Helms was the Arthur Young Fellow in IT Auditing at the University of Houston and has served as Director of Certification for the International Certified Information Systems Auditor program. He has served on numerous national and international academic and professional committees including the American Institute of Certified Public Accountant’s Auditing Standards Board’s Computer Auditing Subcommittee and its Specialized Accreditation Board.

    Dr. Helms has presented over 2,000 professional seminars throughout North and South America, Europe, and Asia. He has published over 60 articles in a wide range of practitioner and academic journals. He has served on the editorial advisory boards of several national and international journals. His books address security, controls and fraud in a variety of environments. He has numerous years experience in public accounting and serves as a consultant to various organizations including CPA firms, financial institutions, and large and small entities.

    He has authored numerous CPE courses including – The Top Ten Fraud Schemes – How to Detect and Prevent Them, Purchasing, Inventory and Cash Disbursements: Common Frauds and Internal Controls, Revenue and Cash Receipts: Common Frauds and Internal Controls, Internal Control Essentials for Financial Managers, Accountants, and Auditors, Forensic Accounting Investigative Practices, and IT Risk and Controls in Traditional and Emerging Environments Dr. Helms is a multiple year recipient of the Don Farmer Award, and also the Outstanding Discussion Leader Award from the AICPA for every year that the award has been presented. He has received similar awards from state societies and universities.