COSO Essentials for Financial Managers, Accountants and Auditors
Learn the basic tools used to document processes and controls and identify departmental policies and procedures that function as the primary controls against errors and fraud.
Who Will Benefit
- Financial statement auditors and entity management involved in financial statement audits
The basic tools you need
Are you able to identify departmental policies and procedures that function as the primary controls against errors and fraud?
Starting with an overview of the COSO guidance on the components and principles of internal control, this CPE self-study course will introduce you to basic tools used to document processes and controls. The course covers:
- The responsibilities of management versus those of the auditor;
- Identification of risks of errors and fraud and consideration of the presence (or absence) of related controls; and,
- How to interpret and evaluate management’s documentation of accounting processes and controls for auditors performing field work.
Course Description:
Help shape the adoption of blockchain accounting and finance. Lay the foundation for your future as a strategic business partner within your organization and with your clients. With real-world literacy on blockchain and digital assets, you will be equipped with the foundational constructs behind blockchain and crypto assets, structure, and functionality, as you consider the value in implementing this technology into your own organization.
Learning Objectives:
- Recognize the basic concepts of blockchain technology.
- Compare a arrange of cases for using and securing crypto/digital assets.
- identify the various opportunities, benefits, risks and challenges associated with blockchain technology.
- identify the elements, benefits, and risks of permission ledgers.
- Indicate the impact of the various controls associated with blockchain.
- Estimate the potential impact of recent blockchain trends on the accounting and finance profession.
Key Topics
- 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
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.