Understanding COSO Framework Compliance
Join the Understanding COSO Framework Compliance CPE Training Event to master the essential principles of the COSO Framework and learn how to apply them in real-world settings. Designed for auditors, compliance officers, and business leaders, this 2-hour webinar delivers the tools and insights you need to improve your organization’s internal controls, mitigate risks, and ensure compliance. Earn 2 NASBA-Approved CPE credits while enhancing your professional expertise.
Why Attend?
1. Deepen Your Understanding of the COSO Framework - Gain in-depth knowledge of the five core components of the COSO Framework—control environment, risk assessment, control activities, information and communication, and monitoring activities.
2. Improve Internal Controls and Compliance - Learn how to implement an effective internal control system that supports compliance with the COSO Framework and other regulatory standards like Sarbanes-Oxley (SOX).
3. Benefit from Expert-Led Training - Our experienced instructors provide hands-on learning through real-world examples, case studies, and proven strategies, making it easy to put your new skills into practice.
4. Earn 2 CPE Credits - Boost your credentials while gaining the practical tools and techniques to excel in today’s complex compliance landscape.
What You’ll Learn
This dynamic webinar covers every critical aspect of the COSO Framework to help you effectively establish, assess, and monitor internal controls.
1. An Introduction to Internal Control and Compliance
- Define internal control and understand the role it plays in achieving business objectives.
- Explore how strong internal controls mitigate risks and drive organizational success.
2. Components of the COSO Framework
- Learn the structure and interrelationships of the five core components of the COSO Framework.
- Understand the importance of integrating these components for a seamless internal control system.
3. Principles and Best Practices
- Unpack the key principles within the framework and understand how to apply them in compliance efforts.
- Explore how the top-down, risk-based approach enhances the effectiveness of control activities.
4. Practical Applications and Real-World Scenarios
- Discover actionable strategies for assessing, testing, and strengthening internal controls.
- Apply lessons learned from SOX compliance to your current practices.
5. Preventing and Detecting Corporate Fraud
- Learn how the COSO Framework helps identify risks, reduce fraud, and maintain ethical standards in your organization.
Benefits of Attending
- Enhance Internal Controls: Master methods to design and implement robust controls based on the COSO Framework.
- Mitigate Risks: Apply a risk-based approach to strengthen compliance and reduce operational vulnerabilities.
- Gain Practical Knowledge: Use real-world examples and insights to create actionable strategies that fit your organizational needs.
- Advance Your Career: Earn 2 CPE credits while enhancing your skill set as a leader in governance, risk management, and compliance.
Event Details
- Schedule: Offered every eight weeks on Tuesdays from 1 p.m. to 3 p.m. CST.
- Format: Online, live interactive training (Group Internet-Based).
- Duration: 2 Hours.
- Credits: 2 NASBA-Approved CPE Credits in Auditing and Information Technology.
- Cost: $140.
- Private Sessions Available: Tailored workshops can be scheduled for teams of two or more participants.
Who Should Attend?
This webinar is ideal for professionals looking to strengthen their knowledge of internal control systems and compliance requirements, including:
- Auditors: Enhance internal control assessments and compliance strategies.
- Compliance Officers: Achieve effective risk management and adherence to COSO standards.
- Business Leaders: Drive organizational success through improved control frameworks and processes.
Why COSO Compliance Matters
The COSO Framework is the global standard for designing, implementing, and monitoring internal control systems. By mastering its principles, you can:
- Strengthen Governance: Ensure accountability and transparency across all organizational levels.
- Mitigate Risk: Identify vulnerabilities early and implement effective controls to address them.
- Boost Operational Efficiency: Streamline workflows and align processes with regulatory requirements like SOX.
Strong compliance begins with an effective internal control system. By adopting the COSO Framework, organizations enhance their operational resilience and foster informed decision-making.
Register Today
Don’t miss this opportunity to master the COSO Framework and build a strong foundation for compliance and risk management. Join this live, interactive training event to enhance your skills, improve internal controls, and earn 2 CPE credits.
Click to register now and take the first step toward becoming a leader in compliance and governance excellence!
Details on Event Presentation
Offered every eight weeks on Tuesdays at 1:00 p.m. to 3:00 p.m. Central Time in two CPE-Credit event.
We can schedule private events on your timetable for two or more attendees.
NASBA Program Disclosure
Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing, Information TechnologyCPE Credits: 2, based on 50 minutes of instruction per hour
CPE Event Highlights
The COSO Framework CPE event reviews the following:
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Top Ten Internal Controls within the COSO Framework
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Top Down risk-based Approach to the COSO Framework
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The Importance of Internal Controls in Mitigating Risk for Your Organization
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Best Practices Learned from the Sarbanes-Oxley Act (SOX)
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Internal Control Frameworks: COSO Framework and COBIT
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Risk Management, Business Process Management, and Key Controls
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Testing the Effectiveness of Internal Controls
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Preventing and Detecting Corporate Fraud
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Learning Objectives
Attendees will:
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Understand the structure of the COSO Framework
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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
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Be able to classify the types of internal controls to manage business and administrative processes
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Be able to identify the compliance requirements of the Sarbanes-Oxley Act and apply the best practices to their current practice
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Key Issues on the Agenda
Introductions
Section 1 - Defining Internal Control & The Objectives-
COSO Framework Structure
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Defining Internal Control
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Business Objectives drive the internal control processes
Section 2 - Components of the COSO Framework
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The Five Components
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The proper order of the COSO Framework Components
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Internal Control labeling
Section 3 - Principles and Points of Focus within the COSO Framework
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Principles matter
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Points of Focus are further attributes
Section 4 - Effective Internal Control
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Integration of the controls
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Limitations of the internal controls
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Summary of the Subject Matter
This CPE event "Understanding COSO Framework Compliance," provides a comprehensive exploration of the COSO Framework and its implications for compliance.
This educational program aims to equip participants with a thorough understanding of the key components of the COSO Framework, including its internal control principles, framework updates, and practical applications within the realm of compliance.
By delving into these critical aspects, the event seeks to empower attendees with the knowledge and insights necessary to ensure effective compliance with the COSO Framework, ultimately contributing to sound governance, risk management, and control processes within their organizations.
Authoritative Sources
It's fantastic to see your commitment to expanding your knowledge after the CPE event on the COSO Internal Control Framework. Here are some authoritative sources, along with their web links, to further enhance your understanding:
- Guide to COSO Framework and Compliance: This comprehensive guide provides insights into implementing the COSO internal control framework, particularly focusing on assessing its five components, including the control environment and risk assessment.
- The 2013 COSO Framework & SOX Compliance: This source offers information on establishing structure, authority, and responsibility within the framework, emphasizing the importance of commitment to competence and accountability in the compliance process.
- Fundamentals of the COSO Framework: A valuable resource that delves into the fundamentals, pillars, and steps to implement the COSO framework, offering an in-depth understanding of its core elements.
- DeloitteESGNow — Using the COSO Framework: Deloitte's insights on using the COSO Framework post its 2013 revision to encompass all forms of reporting, including internal, external, financial, and sustainability.
- COSO Internal Control – Integrated Framework (2013): A whitepaper offering insights into the compliance objective of the 2013 COSO Framework, particularly related to the entity's compliance with applicable laws and regulations.
By exploring these authoritative sources, attendees can further enhance their understanding of the COSO 2013 Framework and its implications for compliance, enabling them to apply this knowledge effectively within their organizational contexts.