This CPE course covers internal control systems, which are defined as systems for management to control certain risks and therefore help businesses achieve their objectives. It first introduces the Turnbull Report, which covers the importance of internal control and risk management in organizations. While the report is a UK report it can still be applied to all companies. It then examines the Committee of Sponsoring Organizations (COSO) model of internal control consisting of five integrated components which are characterized by 17 principles. It finally investigates the process used to develop an adequate control system, and provides case studies based on real-world events.
Business management & organizationProgram Level:
This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by AICPA.