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Understanding COSO 2013 Framework

Being offered twice a quarter on Fridays at 10:00 a.m. to 12:00 noon Central Time.

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) updated the "Internal Control Integrated Framework (ICIF) in 2013.

You can purchase the COSO documents from the AICPA Book Store. To purchase click here.

This training seminar overviews the best practices for establishing and sustaining internal control for any organization including public companies under Sarbanes-Oxley (SOX).


This two hour event is based on SOX compliance requirements and the latest guidance from the SEC, PCAOB, COSO and COBIT.

This training seminar is one of several seminars and workshops we present concerning compliance with the Sarbanes-Oxley Act. This seminar provides a timely, two hour summary designed for controllers, C-level executives, finance managers, attorneys, IT professionals, CPAs, auditors and department heads.


Learn how organizations can create and sustain internal control over financial reporting (ICFR). Your goal may be to comply with Sarbanes-Oxley Section 404 or to sustain your internal controls as a "Best Practice" without breaking your budget. Improve your situation by having a comprehensive set of internal controls!

Our instructors are experts in risk management, auditing, corporate accounting, executive management, information technology and CPA firm operations. Our goal is to provide expert advice on COSO ERM, COSO, Green Book, FDICIA, COBIT, NIST, ITIL, CMMI, FCPA, PCAOB standards, AICPA standards and cyber risk management.

This timely, two hour CPE training event is designed for the internal auditor and other professionals who wish to improve their internal control tradecraft skills.

The cost of this internal control  training course is $120.00 per attendee.

Each attendee will receive 2 CPEs Hours (YB). A certificate of completion will be provided.

Program Level of Understanding: Basic to Intermediate
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 2, based on 50 minutes of instruction per hour

CPE Event Highlights

The seminar reviews the following:

  • Top Ten Internal Controls

  • Top Down risk-based Approach to the Internal Control Framework

  • The Importance of Internal Controls in Mitigating Risk for Your Company

  • Best Practices Learned from the Sarbanes-Oxley Act

  • Internal Control Frameworks of COSO and COBIT

  • Risk Management, Business Process Management, and Key Controls

  • Testing the Effectiveness of Internal Controls

  • Preventing and Detecting Corporate Fraud


Learning Objectives

Attendees will:

  • Understand the structure of the COSO Internal Control Framework

  • Be able to describe the "top-down, risk-based" approach to assessing internal control, and be able to compare this approach to their current approach

  • Be able to classify the types of internal controls to manage business operations

  • Be able to identify the compliance requirements of the Sarbanes-Oxley Act and apply the best practices to their current practice


Key Items on the Agenda

Section 1 - Defining Internal Control & The Objectives

  • COSO 2013 Structure

  • Defining Internal Control

  • Business Objectives drive the internal control processes

Section 2 - Components of the COSO 2013 Framework

  • The Five Components

  • The proper order of the COSO Components

  • Internal Control labeling

Section 3 - Principles and Points of Focus within the Frameworks

  • Principles matter

  • Points of Focus are further attributes

Section 4 - Effective Internal Control

  • Integration of the controls

  • Limitations of the internal controls