Internal Controls: Strengthen Security, Efficiency, and Employee Conduct 2024

Overview

Business leaders often view an internal control system as a security measure. However, a well-designed system can also drive entity objectives. Learn to design a robust and well-supported system, leveraging years of experience and key concepts from authoritative pronouncements and frameworks. Explore strategies to address new business challenges, including evolving markets, rapid changes in business, and increasing governmental and industry-based regulation. This course is for anyone working with internal controls.

Highlights

• An overview of control frameworks and concepts
• Strategy considerations that can be incorporated into control development
• Understanding and controlling risk that arises when organizations change or choose not to

Prerequisites

A basic understanding of internal control concepts.

Designed For

Accounting and business professionals working with Internal Controls.

Objectives

• Identify important components/sub-components of a control system
• Recall important concepts such as "Risk Appetite", "Framing Risk", and "Risk Tolerance"
• Recognize how the control environment can help or hinder the operation of control measures in use at an entity
• Identify important steps that an organization can undertake, specifically related to control development that can drive the direction of the entity

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.