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Understanding COSO 2013 Framework Compliance

Understanding COSO 2013 Framework Compliance

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. 


This training seminar overviews the best practices for establishing and sustaining internal control for any organization including public companies under Sarbanes-Oxley (SOX). Based on SOX compliance requirements and the latest guidance from the SEC, PCAOB, COSO and COBIT, this training seminar is one of several we present concerning compliance with the Sarbanes-Oxley Act. It 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!


To register, select your requested dates below and add this course to your cart. During checkout you will complete your registration and provide method of payment.


Each attendee will receive 2 Ethics CPE Hours. A certificate of completion will be provided.

  • Details on Event Presentation

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

    We can schedule private events on your timetable for two or more attendees.

  • 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 Issues 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

  • 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

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