Documentation comes in all forms and types. Internal controls (IC) are critical to the effective functioning of all processes. The importance of proper and relevant documentation can be viewed as a burden. Strong, relevant documentation is critical to ensure organizations can adequately monitor, manage, and adjust their processes in line with business objectives
This CPE Auditing Course provides insights into the critical aspects of documenting internal controls within an organization. It emphasizes the significance of documentation at various stages of process maturity, showcasing a maturity model as a tool for confirmation and agreement among process owners. We will also delve into testing processes, emphasizing the need for tailored testing templates that meet organizational needs while cautioning against using them as a checklist. We will discuss examples of substantive tests of transactions, analytical procedures, and various testing details for evidence.
Major Topics covered:
Join this CPE course to familiarize yourself with commonly used documentation tools, such as narratives, flowcharts, internal control questionnaires, and control matrixes. Walk through COSO’s internal control template used to document an assessment of a system on internal control.
Owner, Lynn Fountain Consulting and Training
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.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
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.
KT
This was a really good course. I especially enjoyed the hands on knowledge passed on related to the use of the different methods to document the internal controls or lack thereof.
My days as an internal audit manager did not include this information. I wish it would have been included.
DT
Excellent presentation on documentation and the different methods utilized by organizations.
JK
Great review of internal controls and proper documentation. Great length. Thanks
LS
Great training course on documentation. Really helpful.
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