Dollar Tree – Session 1: Using the COSO Internal Framework to Manage Risk
Description
A properly designed and effectively operating system of internal control is critical to risk management. This course will provide insights into the most important concepts related to internal control to mitigate financial reporting and other risks. (Available in 2 or 4 hour format)
Learning Objectives
Describe the basics of internal controls, and make clear the important role that each person within an organization plays in a sound internal controls system
Explain a common framework for understanding and designing internal controls – The COSO Report: Internal Control – Integrated Framework, and how to monitor the effectiveness of those controls
Apply best practices in evaluating the design and operating effectiveness of internal control to manage reliable financial reporting risk and other risk
Major Topics
Current events – Why this topic is important now more than ever!
Overview of the COSO Report: Internal Control – Integrated Framework
Defining the components that comprise a sound internal control environment
Organization tone – How it influences the control consciousness of its people
Analyzing risks relevant to achieving financial reporting objectives
Identifying key controls over financial reporting
Provider
Business Learning Institute
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Accounting
2.0
Who Should Attend
Public accountants, industry accountants, internal auditors and others that desire to better understand how to mitigate financial reporting risk through internal control
