Evaluating Internal Controls

Program Description:

Participants will examine, from a state and local government perspective, each of the essential components of a comprehensive framework of internal control, along with the accompanying principles and points of focus identified in the Council of Sponsoring Organizations (COSO) most recent version of Internal Control – Integrated Framework. The public-sector manager’s role in fraud prevention and detection also will be discussed.

Seminar Objectives:

Those who successfully complete this seminar should be able to:

  • Define internal control and explain how it relates to basic managerial objectives;
  • Identify the respective responsibilities of management, the governing body, external auditors, and internal auditors in regard to internal control;
  • Identify the five essential components of a comprehensive framework of internal control;
  • Identify the 17 principles associated with those five essential components;
  • Identify the key points of focus related to each principle;
  • Describe the inherent limitations of internal control;
  • Describe the relationship between internal control and enterprise risk management;
  • Describe the relationship between internal control and fraud; and
  • Describe how fraud can be identified and how identified fraud should be managed.

Training Type: Live Class
Date and Time: Mar 10 2021 - 8:30am to 4:30pm PST
Region: Pacific
Location: Reno, NV (Renaissance Reno Downtown Hotel)
Level: Basic
Field of Study: Accounting – Governmental
CPE Credits: 8
Member Price: $445.00
Non-Member Price: $665.00
Prerequisite: None.

When
3/10/2021
Where
Reno - Renaissance One South Lake Street Reno, NV 89501
 

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