Implementing and Maintaining an Internal Control System 2024

Overview

This course is an overview of control creation methods and strategies to implement policies and procedures successfully. Many organizations successfully create internal control systems. However, some need to implement established measures correctly. Moreover, entities need to pay more attention to the critical process of testing, monitoring and updating control procedures, weakening the internal control structure. Receive an array of control maintenance checklists adaptable to your organization to improve policies and procedures. Grasp the need for dynamic, fluid controls that adapt to business tools and methods changes. Gain a strengthened ability to implement and maintain an internal control system.

Highlights

• Considerations for the maintenance of an internal control system
• The types of policies and procedures organizations should utilize
• Reviewing and testing control measures
• Updating controls and implementing control changes

Prerequisites

A basic understanding of Internal Control concepts.

Designed For

Accounting and business professionals.

Objectives

• Recall the steps needed to implement a developed system of internal controls
• Recognize how to control measure schedules that function weekly, monthly, quarterly, and yearly, and that are designed to test and monitor the internal control structure of an organization
• Indicate some of the ways available to test control measures to make sure they are working properly
• Identify the need to update existing controls to keep them viable as business operations change
• Recall methods that can be used to communicate policy and procedure changes to those that are affected by these changes

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by the California Education Foundation (CalCPA). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.