Segregation of duties, Documentation and other essentials for Management of Internal Controls

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

Course Description
Course Qualification
Presenter
FAQ

Course Description

The effects of the many corporate scandals over the past twenty years have made it very clear that internal control is the responsibility of management – not the internal or external auditors. This requires every single individual within the organization, regardless of their role, to understand the concepts of internal controls and how they vary from day-to-day tasks of their job function.

COSO 2013 has turned the focus upon understanding internal control and embedding the proper processes into the organization's daily activities. COSO 2013 added key control aspects to mandate knowledge of business and regulatory changes as well as an increased focus on information technology and fraud. It is imperative that all professionals understand the roles and responsibilities incumbent upon them when it relates to internal control.

It is also imperative that managers learn and accept their critical role as it relates to the management and monitoring of internal controls.

This online CPE course on Auditing covers the following Key Topics:

Internal control focus
Internal control definition and history
Internal control advantages/disadvantages
COSO overview
COSO 1992
COSO 2013
Methods to educate management
Setting the stage
Key monitoring methods

Join this CPE course to understand everything about Segregation of duties, Documentation, and other essentials for Management of Internal Controls.

Here is the link to your interests: CIA CPE Courses for Certified Internal Auditors

Modules

1.1 Introduction and Agenda
00:05:45

1.2 SOD Basics
00:08:22

1.3 Defining SOD
00:02:09

1.4 Risks of Inadequate SOD
00:09:07

1.5 SOD in Business Functions
00:05:08

1.6 SOD By Roles
00:25:55

1.7 SOD Disbursement Function
00:12:09

1.8 SOD Treasury
00:15:40

1.9 Control Mechanisms
00:10:22

1.10 Summary
00:01:41

2.1 Introduction and Agenda
00:05:49

2.2 Responsibilities for Internal Control
00:21:10

2.3 Exploring what to document
00:19:51

2.4 Documentation types
00:24:52

2.5 Establishing a defined documentation process
00:04:18

2.6 Steps to documentation
00:09:41

2.7 Flow chart symbols
00:05:43

3.1 Maturity Model
00:05:21

3.2 Issue Tracker
00:02:37

3.3 Testing Processes
00:07:32

3.4 Internal Audit Formal Reports
00:03:55

3.5 Summary
00:01:33

4.1 Introduction and Agenda
00:02:36

4.2 Internal Control Focus
00:06:58

4.3 Internal Control Definition and History
00:06:06

4.4 Advantages and Disadvantages
00:04:14

4.5 COSO Overview
00:07:29

4.6 COSO 1992 and 2013
00:17:32

5.1 Educating Management
00:08:32

5.2 Setting the stage
00:02:26

5.3 Types of controls
00:10:55

5.4 Monitoring
00:06:33

6.1 Summary
00:02:12

6.2 Ending Speech
00:00:08

Learning Objectives

To explore The Internal Control Focus
To explore the definition and history of Internal Control
To recognize the advantages and disadvantages of Internal Control
To explore an overview of COSO 1992 and COSO 2013
To identify Methods to Educate Management.
To recognize Key Monitoring Methods

Recommended For

This CPE webinar on internal controls is suitable for CPA, CGAP, CMA, CVA, IAP, QIAL, MAFF, CBA/MCBA,Accountants, Auditors, Finance Personnel, CFO, Controller, Board Members, Management, Risk and Legal Professionals, Internal Auditors, Compliance Professionals, and Process Improvement Professionals.

Who Should Attend?

Accountant
Accounting Firm
Accounting Managers
Accounting Practice Owners
Certified Senior Advisor
Cloud Accountants
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
CPA in Business
Entrepreneurial CPA
Staff of Accounting Firm
Young CPA

Course Qualification

Webinar Qualifies For

6 General Credit for Accountant/Bookeeper
6 CPE Credit for Certified Government Auditing Professional (CGAP)
6 CPE Credit of Auditing for Certified Management Accountants (CMA)
6 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
6 CPE Credit of Auditing for Certified Valuation Analyst (CVA)
6 CPE Credit for Internal Audit Practitioner (IAP)
6 CPE Credit for Master Analyst In Financial Forensics (MAFF)
6 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
6 CPE Credit of Auditing for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
6 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
6 CE Credit for Certified Wealth Strategist (CWS)
6 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
6 CPD Credit of Auditing for Certified Financial Forensics (CFF)
6 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
6 CPE Credit for Certified Government Financial Manager (CGFM)
6 CPE Credit for Certification in Risk Management Assurance (CRMA)

Additional details

Course Level :

Basic
Credits :

6
Instructional Method :

QAS Self Study
Pre-requisites :

None
Advance Preparation :

None

NASBA APPROVED

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 through its website: www.NASBARegistry.org.

Presenter

About Presenter

Lynn Fountain, CRMA, CPA (US), CGMA, MBA

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.

Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations”.
Leading the Internal Audit Function
Ethics and the Internal Auditor’s Dilemma

Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials.

About Company

Lynn Fountain Consulting and Training

www.lynnfountain.net/

Ms. Fountain has become known as an international trainer on topics of Leadership, Internal Audit, Accounting, Finance, Ethics, Business Processes, Bookkeeping, Cybersecurity and Business Issues. She has over 150 training topics that can be tailored to meet your needs.

Faq

FAQs content

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.