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Internal Controls in Today's Business Environment: Solving the Puzzle

PRESENTER: Debra R. Hopkins, CPA, CIA [Bio]

Cost: $525 for all CCFL State Society Members/$595 for Non-members

Elective

 Program Overview

Corporate finance professionals – put the puzzle pieces together! Now is the time to finally understand all the various internal controls types, methods of documentation, key controls, and just what you should have in place at your organization. You are expected to be knowledgeable and able to communicate about internal control design and operational effectiveness. Gain new confidence when speaking to your Board, Audit Committee, and external auditors. If you are tired of talking about internal controls, COSO, Section 404, and the PCAOB requirements without knowing how it all fits together, this seminar is for you. It doesn’t matter the type of entity – public, private, or not-for-profit – you will learn valuable tips to help you improve your control environment. This program focuses on how to design and implement an effective control program. Fear COSO no more.

 Program Highlights

Internal Controls – In General

• Understand internal control – review the latest terminology.

• Learn how to use a risk based approach to identify your control weaknesses.

• Link fraud risks to internal controls.

• Identify the elements that affect your company – publicly-held, privately-held, or not-for-profit.

COSO Internal Control Integrated Framework

• Review the COSO framework.

• See how public entities are using COSO to evaluate control effectiveness.

• Review internal control cases – learn how to design effective internal controls.

• Learn how to test control operating effectiveness.

Auditing Standards

• Hear an update on the latest Auditing Standards for both public and private entities.

• Learn the key performance requirements.

• Understand the documentation and control testing requirements.

• Review the responsibilities of internal auditors and external auditors – know what each group can and cannot do.

Information Technology (IT) Controls

• Identify warning signals and areas of exposure for your business.

• Assess your major risks for both general and application controls.

• Develop controls to mitigate IT risks.

Internal Control Reporting

• Establish an effective communication process for your Board and Audit Committee.

• Communicate with confidence to your external auditors, Board members, and other required constituents about internal control concerns.

Latest Internal Control Developments

• Hear about emerging techniques.

• Discuss the various alternative approaches to internal control analysis.

• Review the new Enterprise Risk Management – Integrated Framework.

Tuesday, July 15, 2008 REGISTER [Online] [Fax/Mail]

Bloomington, MN
Location: MNCPA Education Center, 1650 W. 82nd Street, Suite 600, Bloomington, MN
CPE Credits: 8 Hours
Registration: 8:00 a.m.
Program: 8:30 a.m. - 4:30 p.m.
Course Code: TBA

Friday, July 18, 2008 REGISTER [Online] [Fax/Mail]

Chicago, IL
Location: Illinois CPA Society Education Center, 550 W. Jackson, Suite 900,
Chicago, IL 60661
CPE Credits: 8 hours
Registration: 8:00 AM
Program: 8:30 AM - 5:00 PM
Course Code: C36281

Wednesday, July 30 , 2008 REGISTER [Online] [Fax/Mail]

Indianapolis, IN
Location: INCPAS Prof Dev & Conference Center, 8250 Woodfield Crossing Blvd., Suite #100, Indianapolis, IN 46240-4348
CPE Credits: 8 Hours
Registration: 8:00 a.m.
Program: 8:30 a.m. - 4:30 p.m.

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