Surgent's Internal Controls and COSO in a Post-COVID Landscape

Available Anytime

Location: Online

4Credits

Accounting and Auditing

Registration is Open

FICPA Members

~~$79.00 Regular Price~~

Nonmembers

$109.00 Regular Price

Please Login to Register

Please Select co-workers you wish to register from the list:

	Name	Email	Firm Office

Product Code: SU24-ICC4-SSDL

Level: Basic

Vendor: Surgent

Field of Study: Auditing

Overview:

Companies that fall victim to fraud schemes need to reassess internal controls in order to prevent future fraudulent activity. In this course, we will review the 18 most prevalent internal controls present as well as designed and operating effectively according to the Association of Certified Fraud Examiners' Occupational Fraud 2022: A Report to the Nations. Then we will tie these controls to the 17 internal control principles offered by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), the framework used by virtually all entities and auditors to assess the design and operational effectiveness of internal controls. Lastly, we will consider the impact of the 2020 pandemic on the internal control environment in the post-COVID pandemic era.

Objectives:

Understand that fraud occurs in companies with seemingly sound internal control structures
Assess how internal controls fit into the COSO framework and determine whether mitigating controls are sufficient
Understand the difference between reactions and responses to changing circumstances
Recognize that the days of working in an office may be numbered (or certainly reduced)
Recognize that the increase of remote work options presents new, sometimes shocking challenges
Understand that audits and other attestation engagements can actually be performed remotely, reducing time and cost

Major Topics:

ACFE's Occupational Fraud 2022: A Report to the Nations and the most commonly found controls in fraud victim organizations
Internal controls in relation to COSO principles
How to employ controls to cut losses
How to modify controls in the post-COVID era
Remote work circumstances and considerations

Designed For:

CPAs in public practice and industry who wish to educate clients or colleagues on how to assess internal controls and adapt in the post-COVID era

Prerequisite:

None

Additional Info:

You will receive an email from [email protected] with instructions on how to log onto your course shortly. If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.