Join myCPE Prime with a great discount, Unlimited courses and credits for just $199. Hurry! (Offer expires on July 01) Click here to start.

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

  • Accountant
  • CRMA
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
  • MAFF
  • CWS

Published: May, 2022

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

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


  • 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 :
  • Credits :
  • Instructional Method :
    QAS Self Study
  • 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 through its website:


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

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.


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 ( 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 :
  • 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 :
  • 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.

Ratings and Review


2 Ratings



Very Good









Brian Smith, CPA (US)

Jun 23rd, 2022

An excellent presentation of a rather dry subject matter!

We use cookies to improve your experience on our website. Cookies store information about how a user interacts with Website. By clicking "Accept Cookies", you agree that MY-CPE LLC can store cookies on your device. All your data is anonymised and cannot be used to identify you.