Effective Use of the COSO Framework




16 CPEs

About the Course

Our approach for this in-person training event is to provide the relevant information which internal control professionals will need to fulfill the "Internal Control Life Cycle" using the "top-down, risk-based" approach. We provide the background knowledge sources, advice on how to conduct risk assessments, discuss scoping, and review how to plan the assessment of an internal control framework based on COSO.

Risk management activities are the key process to determine the requirement of the ICFR assessment program. The program deliverables should lead to management's opining on the status of the internal control framework in reference to the SOX requirements.

This sixteen hour CPE course provides the internal control professional with the tradecraft skills to implement a compliance program that is consistent with COSO 2013 and Sarbanes-Oxley compliance:
- Introduction - Thoughts on Quality
- SEC ICFR Reporting
- Internal Control Concepts and Challenges
- COSO and COBIT Internal Control Frameworks
- Business Objectives to Risk Assessments
- Performing Risk Assessments within the Business Process
- Identifying Key Controls
- Assessing Design - Testing Effectiveness
- Evaluating Control Deficiencies and their future
- Opining and Certification
- Keys to successful ICFR assessment
- Building a culture of compliance
- Top COSO 2013 key control programs

We present the roadmap to having the skills and knowledge to work on COSO 2013 compliance. Relax, learn and enjoy expert instructor presentations, group discussions, role-playing, audit and compliance exercises, white-board diagramming and simulations. This course is designed for internal control professionals with 2-5 years of experience who want to learn the concepts, tools, and techniques to enhance their effectiveness and grow within the profession.