Management Internal Control Essentials 2 Credits
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Internal Controls (IC) are often misconceived by management as a mere set of forms, checklists, and templates mandated by auditors. However, this narrow view fails to recognize the profound impact that robust Internal Controls can have on an organization.
The webinar by Lynn Fountain provides a comprehensive overview of internal controls (IC) and their significance in organizational management. It delves into the legislative background, highlighting the responsibilities outlined in the Sarbanes-Oxley Act (SOX) and the increased scrutiny on internal control attestations.
The importance of educating management on individual responsibilities for control processes is emphasized throughout the webinar. This online CPE Course advocates for a holistic understanding of internal controls, involving everyone in the organization. It explores the historical evolution of IC practices, dating back to ancient times, and the development of frameworks such as COSO in 1992 and its subsequent update in 2013. It urges a shift from mere sign-offs to a comprehensive understanding of each participant's role in maintaining effective internal controls.
Major Topics covered:
Join this CPE Auditing Course to explore why managers must perceive Internal Controls, not merely as compliance measures but also as strategic tools capable of creating ultimate organizational value.
| License details | Credits | Status |
|---|---|---|
| Auditing for Certified Public Accountants (CPA-US) | 2 CPE | Approved |
| Internal control concepts and types of controls for Certified Internal Auditors (CIA) | 2 CPE | Eligible |
| Auditing for Certified Management Accountants (CMA) | 2 CPE | Eligible |
| Auditing for Chartered Global Management Accountants (CGMA) | 2 CPE | Eligible |
| Auditing for Delaware Licensed Public Accountant (DE-LPA) | 2 CPE | Eligible |
| Auditing for Certified Fraud Examiner (CFE) | 2 CPE | Eligible |
| Internal Controls for Certified Government Financial Manager (CGFM) | 2 CPE | Eligible |
| Auditing for Internal Audit Practitioner (IAP) | 2 CPE | Eligible |
| Internal Audit function for Certification in Risk Management Assurance (CRMA) | 2 CPE | Eligible |
| Internal Controls for Certified Internal Controls Auditor (CICA) | 2 CPE | Eligible |
| Auditing for Certified Financial Forensics (CFF) | 2 CPD | Eligible |
| Auditing for Qualification in Internal Audit Leadership (QIAL) | 2 CPE | Eligible |
| Auditing for Iowa Licensed Public Accountant (IA-LPA) | 2 CPE | Eligible |
| Auditing for Maine Licensed Public Accountant (ME-LPA) | 2 CPE | Eligible |
| Auditing for Certified Government Auditing Professional (CGAP) | 2 CPE | Eligible |
| Internal Controls for Certified Controls Specialist (CCS) | 2 CPE | Eligible |
| License details | Credits | Status |
|---|---|---|
| Auditing for Certified Public Accountants (CPA-US) | 1.5 CPE | Approved |
| Internal Auditing for Certified Internal Auditors (CIA) | 1.5 CPE | Eligible |
| Auditing for Certified Management Accountants (CMA) | 1.5 CPE | Eligible |
| Auditing for Chartered Global Management Accountants (CGMA) | 1.5 CPE | Eligible |
| Auditing for Delaware Licensed Public Accountant (DE-LPA) | 1.5 CPE | Eligible |
| Auditing for Certified Government Financial Manager (CGFM) | 1.5 CPE | Eligible |
| Auditing for Certified Fraud Examiner (CFE) | 1.5 CPE | Eligible |
| Auditing for Internal Audit Practitioner (IAP) | 1.5 CPE | Eligible |
| Internal Audit function for Certification in Risk Management Assurance (CRMA) | 1.5 CPE | Eligible |
| Auditing for Certified Internal Controls Auditor (CICA) | 1.5 CPE | Eligible |
| Auditing for Certified Financial Forensics (CFF) | 1.5 CPD | Eligible |
| Auditing for Qualification in Internal Audit Leadership (QIAL) | 1.5 CPE | Eligible |
| Auditing for Iowa Licensed Public Accountant (IA-LPA) | 1.5 CPE | Eligible |
| Auditing for Maine Licensed Public Accountant (ME-LPA) | 1.5 CPE | Eligible |
| Auditing for Certified Government Auditing Professional (CGAP) | 1.5 CPE | Eligible |
| Auditing for Certified Controls Specialist (CCS) | 1.5 CPE | Eligible |
Credits
2
Course Level
Basic
Instructional Method
QAS Self Study
Group Internet Based
Pre-requisites
None
Advance Preparation
None
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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
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Lynn Fountain has over 39 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Lynn has held two Chief Audit Executive (CAE) positions for international companies. In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees. The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.
Ms. Fountain is currently engaged in her own consulting and training practice. She has successfully executed on several consulting assignments spanning areas of accounting, risk, ERM and internal audit. She is a highly sought-after trainer and international speaker and has produced hundreds of courses delivered through seminars, conferences and on-demand training. She is the author of three separate technical books.
Ms.
Fountain obtained her BSBA from Pittsburg State University and her MBA from
Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.
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To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.
Are the live webinars approved by NASBA and other regulatory bodies?
Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.
What are the requirements to maintain compliance with live webinar courses?
To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
How can I access my webinar completion certificates?
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
How are credits reported to governing bodies?
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
DB
This is a fantastic overview of the function and importance of internal controls and the internal control function and responsibilities within an organization.
DN
Excellent course and presenter - I really appreciated the discussion of effective internal controls in an organization and the evolution of their importance.
Feb 19, 09:00 AM ET
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