Evaluating Internal Controls

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.

Learning 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
  • Describe how fraud can be identified and how identified fraud should be managed
Field of Study: Auditing (governmental)
Credits: 8
Level: Basic
Prerequisite: None

Details:
September 1, 2021 - 1:00 pm to 5:00 pm ET
September 2, 2021 - 1:00 pm to 5:00 pm ET

 

Member Price: $280.00
Non-member Price: $560.00

When
9/1/2021 - 9/2/2021
Where
Interactive LMS Virtual training
 

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