COSO Three-Day CPE Course

Join us for a unique, interactive workshop that "walks you through" the latest update of the Internal Control Integrated Framework (ICIF 2.0) of the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

This course is for business professionals who work for public corporations that are required to comply with the Sarbanes-Oxley Act (SOX), as well as non-public organizations. Our comprehensive training is for anyone in audit, compliance, accounting, information technology, etc. who wants to obtain a solid understanding of the COSO internal controls that help organizations reduce risk. We present the roadmap to COSO compliance and documentation based on textbook approaches and real-world guidance from our client engagements. Each attendee will go home with a set of 36 documents that were used to create the workshop.

Relax, learn and enjoy through expert instructor presentations, group discussions, role-playing, audit and compliance exercises, white-board diagramming and simulations.

Benefits of Attending

This course, offered by the leading authority in the COSO Internal Control Framework, Corporate Compliance Seminars (CCS), moves the participants thru the COSO framework and covers how to design, implementation, and maintenance of a successful internal control system.

This principles-based course, in a live classroom, encourages participants to think about the COSO Framework in terms of their own entities while covering a variety of topics including types of objectives, components of internal control, principles and points of focus, roles and responsibilities, and limitations of internal control.

Seminar Highlights

- Top Down risk-based Approach Defined

- Best Practices to Control Environment Documentation and Assessment

- Entity Level Control Documentation

- Risk Assessment Documentation

- How to Manage Communication with External Auditors and Audit Committee

- Workshops focused on Major Deliverables

Learning Objectives

- Attendees will understand top down assessments and their application

- Attendees will learn the compliance requirements of the Sarbanes-Oxley Act

- Attendees will discuss relationship with their external auditors under Audit Standard 5

- Attendees will identify methods for improving their internal control frameworks

Key Issues on the Agenda

Introductions

Section 1 - Introduction and Overview

- About Us and About Your Instructor

- Who are You? What are Your Needs?

- Overview of Agenda Tailored to Your Needs

Section 2 - History Lesson

- What is "Internal Control" and Why Are Controls So Important?

- What is "Risk"? Can Risk Be Managed?

- Background of Internal Control Legislation

- Regulatory Requirements from the SEC, PCAOB and Others

- History of the COSO Committee

Section 3 - The COSO ICIF: Then and Now

- Why was the COSO ICIF Developed?

- The Original Framework

- What Happened to Prompt the Update?

- The Current Framework

Section 4 - Compliance Methodologies

- Control-Based

- Coverage-Based

- Risk-Based

- Case Studies

- Discussion of Preferred Methods

Section 5 - Sarbanes-Oxley Act

- What Happened in Year 2000?

- The Details of the SOX Act

- Compliance Requirements

- Whistleblower Activity

- Benefits of SOX Compliance

Section 6 - The Watchdog: PCAOB

- Who are "They" and why were "They" formed?

- The PCAOB Perspective

- Enforcement Action - Dealing with External Auditors

- PCAOB Alerts

Section 7 - COSO "Control Environment"

- What is Your "Tone of Control"

- The Influence of Entity Controls

Section 8 - COSO "Risk Assessment"

- Guidance from COSO ERM

- Defining, Documenting and Assessing Risk

Section 9 - COSO "Control Activities"

- What are Control Activities?

- The Seven Layers of Control

- Testing and Documenting the Controls

- The Design of Controls

- The Operation of Controls

- Assessing the Effectiveness of Controls

Section 10 - COSO "Information and Communication"

- What Gets Communicated? When? To Whom?

- Up, Down and Outside the Organization

Section 11 - COSO "Monitoring Activities"

- What Should Be Monitored? When? How? Who?

- Case Studies

Section 12 - Planning the COSO Compliance Assessment

- Project Management Methodologies

- Defining Your Risks

- Assessing Risk in Your Organization

- Determining the Risk Response

- Documenting the Plan

Section 13 - Performing the Assessment

- Assessing Entity Level Controls

- Assessing Process Level Controls

- Assessing IT General Controls

- Assessing the Segregation of Duties

- Internal Control Testing

- Sampling Techniques - Documentation Examples

Section 14 - Concluding the Assessment

- Evaluating Internal Control Deficiencies

- What is the Severity?

- CAPs and Accountability

- Remediation Activity

- Re-Testing

- Opining

- Summarizing for Executives and Boards

Section 15 - Documentation

- Control and Compliance Self-Assessments

- The Maturity Model

- How Do We Document COSO Compliance?

- Client Examples

Section 16 - Summary, Wrap-Up and Going Forward

- Recap of COSO Compliance

- Adjusting Compliance in Subsequent Years

- Your Roadmap to Success!

Corporate Compliance Seminars has been created by experts who enjoy providing CPE classroom training, workshops and consulting on internal controls, internal auditing and accounting related subjects. We have focused on SOX, COSO, PCAOB, COBIT, GRC, IFRS, AICPA, GAO and IIA Standards.

Our programs are CPE for professionals with CPA, CGA, CIA, CFE, CISA, CMA and CA designations.

Corporate Compliance Seminars presents CPE to auditors, compliance and IT professionals, Boards of Directors and Audit Committees. We examine the details of risk management, Sarbanes-Oxley Act compliance, Model Audit Rule compliance, auditing, internal controls, IT security and compliance, and fraud prevention and detection.

Corporate Compliance Seminars allows the attendee to earn Official NASBA CPE credit.

Our seminars focus on the details of the Sarbanes-Oxley Act of 2002 (SOX), Internal Controls over Financial Reporting (ICFR), Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control Frameworks, ISACA's Control Objectives over Information Technology (COBIT), Information Technology Infrastructure Library (ITIL), Open Compliance & Ethics Group's (OCEG) Governance, Risk & Compliance (GRC) methodology, PCAOB's Auditing Standard 5 (AS5), AICPA auditing standards and the future conversion from GAAP to the International Financial Reporting Standards (IFRS).

Our seminars provide CPE for the CPA, CFE, CIA, CISA, auditors and others with effective and engaging training.

"Please contact the event manager Marilyn (marilyn.b.turner(at)nyeventslist.com ) below for:

- Multiple participant discounts

- Price quotations or visa invitation letters

- Payment by alternate channels (PayPal, check, Western Union, wire transfers etc)

- Event sponsorships

NO REFUNDS/TRANSFERS ALLOWED ON REGISTRATIONS

Prices may go up any time. Service fees included in pricing.

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