Explain the evolution of internal control concepts, culminating in the 2013 version of COSO’s Internal Control-Integrated Framework Describe important internal control concepts related to evaluating the design, implementation, and operating effectiveness of internal control over reliable financial
Experience with designing, evaluating, or monitoring internal controls
All successful entities, regardless of nature, size, and complexity, must have a well-designed and effectively operating system of internal controls over reliable financial reporting, in addition to managing other risks. This course will provide practical guidance on exactly what a sound system of internal controls "looks like" and the resulting impact on the reliability of financial statements, particularly for smaller entities. In addition, we will explore COSO's 2013 Internal Control - Integrated Framework that is used to better manage the unique and challenging risks of today's entities.