COSO's Internal Control Framework Essentials

Overview

Evaluate your or your client’s system of internal control with confidence using COSO’s internal control framework.

COSO framework overview

Gain an overview of COSO’s internal control framework comprising five components and their related principles. Learn how to evaluate the control environment, risk assessment, control activities, information and communication, and monitoring activities at your or your client’s entity.
Through real-life examples, enhance your understanding of how to apply the framework as it relates to financial reporting whether you are an auditor or entity management.

Course Instructor: Renee Rampulla

Highlights

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

Prerequisites

None

Designed For

Financial statement auditors

Internal auditors

Entity management involved in financial statement audits

Objectives

Recall key points related to the components of internal control and related principles and points of focus.
Identify applicable professional standards that address each component of internal control.

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by AICPA. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.