- TypeWebinar
- Location Denver, Colorado, United States
- Date 11-10-2017
Business Development
Finance
Economics
Accounting/Financial/Banking/Insurance
OVERVIEW
The new COSO framework was released in May 2013. Original compliance date was set as December 2014. Many companies are still working towards compliance. This will turn up the focus on how its guidance should be used by companies and auditors when evaluating processes for Sarbanes-Oxley and other control requirements. Key aspects have been added to mandate knowledge of business and regulatory changes as well as an increased focus on information technology and its controls. It is imperative that management, compliance professionals, legal professionals and audit professionals all understand the roles and responsibilities incumbent upon them when it relates to internal control. It is also imperative that management learn and accept their critical role as it relates to the management and monitoring of internal controls.
This training program will highlight the importance of management’s role in instilling proper internal controls within their processes. Although the Sarbanes-Oxley Act made it abundantly clear those internal controls is the responsibility of management, many companies still view those processes as the responsibility of the auditors or quality assurance individuals. The impending release of the new COSO Framework clearly outlines the importance of understanding all aspects of internal control and ensuring those elements are properly working together in an effective manner.
WHY SHOULD YOU ATTEND
All individuals involved in oversight, management, monitoring and auditing processes within an organization will need to heighten their awareness of basic controls and their link to corporate strategies and regulatory and business requirements.
This webinar will explore methods to educate management on their individual responsibilities for control processes and the variance between a control malfunction and control design issues. Attendees will be provided with talking points and tools to help management better understand the term “internal control” and ensure they not only understand the attestations they are making but also effectively execute on their obligations. The program will also review the impending COSO changes and examine how they may impact your organization.
AREAS COVERED
WHO WILL BENEFIT
LEARNING OBJECTIVES
In today’s business world, the term, internal control, is assumed to be a well-known and understood concept. Yet, with all the regulations, attention and focus on the issue, control gaps continue to pervade processes and result in a wide array of business failures and issues. The issue has come to the forefront as the COSO Board is about to release the revised version of the COSO 1992 internal control framework. Companies who indicate they utilize the COSO framework for their evaluation processes will be expected to employ the concepts imbedded in the current draft. Prior to executing on that task, management must re-evaluate their position on internal controls and how they employ the roles and responsibilities related to internal control within their environments. This may be a significant task for many companies and will include re-evaluation of their current compliance and internal audit programs as well as the organizational alignment of these functions.
Email: [email protected]
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
This COSO training will highlight the importance of management’s role in instilling proper internal controls within their processes. Reserve your seat now!