Management Internal Control Essentials 2 Credits
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Oct 07, 01:00 PM
ET
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.
Credits
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Instructional Method
Pre-requisites
Advance Preparation
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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.
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.
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.
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.
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.
DN
Excellent course and presenter - I really appreciated the discussion of effective internal controls in an organization and the evolution of their importance.
LG
Great class. Very thorough overview. As a CFO of a small business, I do not use SOX but I have been diligent in trying to maintain IC as much as possible.
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