Review of the COSO Framework (Completed)

This course is designed to review the COSO Framework for Internal Controls. The course will cover the five components of the COSO Framework: the control environment, control activities, information & communication, risk assessment and monitoring. We will discuss various types of internal controls as well as methods for developing effective internal controls.

Who Should Attend
CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.

Topics Covered

• History of COSO
• Five COSO compontents
• Various types of internal controls
• Methods for developing effective internal controls

Learning Objectives

• Identify the history of COSO
• Review the five COSO components
• Develop preventive and detective controls
• Differentiating between automated and manual controls

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)

Program Prerequisites
None

Advance Preparation
None