This seminar is designed for controllers, accountants, CFOs, CEOs, business owners and managers, business and financial analysts, risk managers, internal auditors, operations managers, consultants and attorneys.
This seminar will provide valuable information on basic control and audit concepts. The program will help train financial professionals and management personnel who need to understand audit concepts and how to develop and implement an effective internal control structure.
Seminar attendees will gain insight into the following issues, and will learn how to develop and implement effective internal controls:
What Is An Internal Control?
The Internal Control Framework
Internal Accounting Control And Financial Audits
Computer System Controls And Risks
Reporting On Internal Control In The Financial Statements
8:30 a.m. - 10:00 a.m.
I. The Internal Control Framework
A. Definition Of Internal Control And Its Evolution Over The Years
B. Components Of Internal Control
C. Factors Of Internal Control
D. The Control Environment
10:00 a.m. - 10:10 a.m.
10:10 a.m. - 11:00 a.m.
II. Cost/Risk Analysis
A. Setting Objectives
B. Measuring Risks
C. Evaluating The Means By Which Objectives Are Achieved
11:00 a.m. - 12:00 p.m.
III. Internal Accounting Control And Financial Audits
A. Role Of Your Independent Auditor
B. Accounting Cycles
C. Evaluating The Accounting Cycles
12:00 p.m. - 1:00 p.m.
Lunch (On Your Own)
1:00 p.m. - 2:30 p.m.
IV. Computer System Control And Risks
A. Establishing A Secure Computer Environment
B. Monitoring And Evaluating The Effectiveness Of Your General And Application Controls
C. Tools Available Within Your System
2:30 p.m. - 2:40 p.m.
2:40 p.m. - 4:00 p.m.
A. Types Of Fraud
B. Case Examples
C. Preventive Techniques And Ways To Identify Fraud
4:00 p.m. - 4:30 p.m.
VI. Reporting On Internal Control In The Financial Statements
A. Requirements Of The Sarbanes-Oxley Act
B. Elements Of A Report On Internal Control