COSO 2013: ICFR Assessments
As the leading provider of Audit, Compliance and COSO 2013 CPE training, Corporate Compliance Seminars has reviewed the best practices currently available in the SOX Compliance community. We have focused this CPE seminar on the What - When - Where - Why - How to Test. We cover how to assess the effectiveness of Internal Controls over Financial Reporting all the way down to the individual business process controls.
This eight-hour CPE course will provide an understanding of approaches for the assessment of controls within various layers of ICFR under COSO 2013:
- Entity Level Governance Controls
- Tone at the Top Controls
- Management Controls within Business Processes
- The Second Line of Defense: Risk Management, Compliance, Financial Analysis, Quality, Inspection
- Internal Audit
- External Audit
It will help look for ways to improve the effectiveness and efficiency of a system of internal controls and audits of controls. This seminar will start the process of positioning an organization to assess its compliance with Sarbanes-Oxley (SOX) Sections 302 and 404.
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, FDICIA, COBIT, NIST, ITIL, CMMI, FCPA, PCAOB standards, AICPA standards and cyber risk management.
Follow the below links for further detail information:
. Seminar Highlights
. Learning Objectives
. Key Issues on the Agenda
The retail cost of this CPE seminar is $495.00 for the first attendee from a single organization. Discounts are available for more than one attendee from each organization: (2) $940.00 (3) $1,340.00 (4) $1,680.00 (5) $1,980.00.
To reserve your space, click on the "SIGN-UP NOW!" link in the right margin, complete the registration form, and use the corresponding "Submit Registration Form and Move to Payment Options Page" button for filing the registration and moving to the payment page.
Each attendee will receive 8 Auditing CPE Hours (YB).
Corporate Compliance Seminars is licensed by the AICPA to provide COSO 2013 training.
You can purchase the COSO documents from the AICPA Book Store. To purchase click here.
Virtual COSO 2013: ICFR Assessments Events
Future In-Person COSO 2013: ICFR Assessments Events
In response to the Coronavirus Pandemic, we will start providing all our events using a distant learning approach.
In some cities we have local instructors and are providing limited events on a request basis. If you have two or three professionals who would like in person instruction please contact us.
Day - Date
Refer to our Seminar Cities Index for a list of our seminar locations. The individual city
pages provide a listing of topics being presented. Our Seminar Cities by Week provides a
guide to the locations during a calendar week.
COSO 2013 Related Documents
Link to purchase the four volumesof the COSO Internal Control Framework 2013
COSO Internal Control - Integrated Framework - Executive Summary
COSO's 2013 Internal Control Framework in Depth by BKD
Transitioning to the 2013 COSO Framework for External Financial Reporting Purposes by E&Y
IMPACT of the 2013 COSO FRAMEWORK by Financial Executives Research Foundation
COSO Internal Control - Integrated Framework (2013) by KPMG
An overview of COSO's 2013 Internal Control-Integrated Framework by Sara Lord, McGladrey LLP
The 2013 COSO Framework & SOX Compliance by Stephan McNally
The Updated COSO Internal Control Framework by Protiviti (Third Edition
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Benefits of Attending
- Understand what is to be managed in the update to COSO 2013
- Mapping of the orginal COSO to COSO 2013
- Overview of the weaknesses in the COSO 2013 framework
- Analysis of how those changes will impact compliance efforts requirements
- Understanding the new tools and templates provided by the COSO foundation
- Management's requirement for understanding COSO 2013
- Implications for Sarbanes-Oxley compliance
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- COSO Myths, Definitions and Concepts
- Categories of "Control Deficiencies"
- COSO Illustrative Tools
- Seven layers of defense concerning ICFR
- Scoping the ICFR Assessment
- Best practices in policy and protocol management
- Effective use of Control Self-Assessments
- Sample sizes for Key Control testing
- Why are employees non-compliant
- Measuring "Control Maturity
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- Ensure compliance with policies and proceedures
- Discuss strengthing the health of the organization
- Understand how to avoid "carelessness" in day-to-day business processing
- Assess the maturity of existing controls and how to improve their implementation
- How to manage policies and protocols
- Expectations related to the prevention and detection of fraud
- Discuss considerations and next steps for COSO 2013 usage during the transition period, including available tools and resources
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Key Issues on the Agenda
Section 1 - COSO 2013: Myths, Definitions and Concepts
- Myths about controls
- COSO 2013 definition of internal control
- 2002 Sarbanes-Oxley Act
- PCAOB Auditing Standard 5
- SEC Guidance for Public Companies
Section 2 - COSO 2013: Effective Internal Control
- Categories of "Control Deficiencies"
- Reasonable assurance
- Management's judgement
Section 3 - COSO 2013: Illustrative Tools
- Overall assessment
- Component evaluation
- Principle evaluation
- Internal control deficiencies
Section 4 - COSO 2013: Seven Layers of ICFR
- Traditional lines of defense
- Risk management
- Getting the right information
- Business resilience
- New defensive strategies
Section 5 - COSO 2013: Scoping the Assessment
- Management's risk assessment
- External auditor's risk assessment
Section 6 - COSO 2013: Self Assessments and Process Documentation
- Control self-assessments
- Business process narratives
Section 7 - COSO 2013: Internal Control Testing
- Control testing
- Assertions of the key controls
- Control mix
- Business process controls
- Entity controls
- Sample size and level of risk
- Control effectiveness
- Control certifications
Section 8 - COSO 2013: The Maturity Model
- Control maturity
- CMMI levels of maturity
- Internal control reliability model
Section 9 - COSO 2013: External Audit
- PCAOB Audit Standard #5
- Inspection issues
- Knowledge transfer
- External auditor's assessment
Section 10 - COSO 2013: The PMO
- How to manage the assessment program
- Project management
- Project scoping
- Project killers
- Project deliverables
Section 11 - COSO 2013: Forming an Opinion
- Effective assessment planning
- Sufficient evidence
Section 12 - COSO 2013: Rightsizing
- Reassessing risks
- Pareto's Law - 80-15-5
- Culture of compliance
- Sufficient evidence
Section 13 - COSO 2013: Going Forward
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Internal Control & CPA Focused Training Seminars
Corporate Compliance Seminars presents two families of professional continuing education (CPE) seminars:
Internal Control & CPA Focused Training Seminars (Details)
Internal Auditor Focused Training Seminars (Details)
The internal control seminars we present can benefit a variety of attendees:
- Non-accelerated filers who may just be getting their documentation underway for Section 404 compliance,
- Public companies looking to improve their effectiveness and efficiency of their Section 404 compliance,
- Nonprofit organizations, governmental agencies and other groups that want to improve the integration of their governance, risk and compliance (GRC) efforts,
- Executives and Board of Directors members who can gain insights from our "Best Practices" examples to really understand SOX Section 404,
- Anyone finds practical advice from our real-world experience with the implementation of internal controls over financial reporting (ICFR).
The internal audit seminars we present can benefit a variety of attendees:
- The new internal auditor can be oriented to the profession and the work,
- Auditors looking for improvements in their approach and knowledge,
- Professionals looking to improve the content of their workpapers and the impact of audit reports,
- Any organization that desires to improve the effectiveness of their internal audit department,
- Audit Managers looking for education concerning current audit issues,
- Practical advice based on our real-world experience with being the auditee, an internal auditor and an external auditor.
Experts Providing CPE Training Events
Corporate Compliance Seminars (CCS) was created by experts who enjoy providing CPE training events. All our experts have years of experience in providing training courses, workshops and consulting on internal controls, internal auditing, information technology, cybersecurity and accounting related subjects. We have focused on SOX, COSO, PCAOB, COBIT, CMMI, GRC, GAAP, IFRS, AICPA, GAO, NAIC, ISO, and IIA Standards. We are your best source for continuing professional education (CPE).
Our programs, live in-person, webinar and on-demand, provide CPE for professionals with CPA, CGA, CIA, CFE, CISA, CMA and CA designations. CCS is focused on providing the best learning programs in using three distinct distribution channels: live in-person events, virtual webinar events and on-demand self-study e-learning.
Corporate Compliance Seminars presents CPE to a range of professionals, auditors, accountants, finance staff, compliance personnel, information technology (IT) professionals, Boards of Directors and Audit Committees. We examine the details of risk management, Sarbanes-Oxley Act compliance, Model Audit Rule (MAR) compliance, auditing, internal controls, cybersecurity and compliance, and fraud prevention and detection.
Within the U.S.A. marketplace, Corporate Compliance Seminars allows the attendee to earn NASBA CPE credit.
Our events 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 NAIC regulatory model regulations and acts .
Our live in-person events are generally presented in a small classroom setting with two to five attendees. Over the last few weeks, we have come to the understand we need to provide distant e-learning events. We are now in the process of moving all our content to an online available status. We have created distant e-learning opportunities using both a virtual webinar event approach and on-demand e-learning self-study modules. These two e-learning approaches: webinars and on-demand self-study with extended web access to our content into the global continuing professional development (CPD) marketplace. In the webinar e-learning events we will limit the number of students to maximize the interaction between the live instructor and attendees. The on-demand self-study e-learning modules will be created and offered to meet the NASBA CPE credit requirements .
Our seminars provide CPE for the CPA, CFE, CIA, CISA, auditors and others with effective and engaging internal audit training courses.
Our instructors have had direct experience in the following industries: financial activities, bank, insurance, healthcare, construction, leisure and hospitality, professional and business services, mining and oil & gas extraction, manufacturing, educational, government agencies, transportation, software, technical, hi-tech and agricultural.
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