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Corporate Compliance Seminars - Left Menu, Internal Control Pages
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COSO Compliance Academy
Focuses on the skills need by professionals working on COSO 2013 compliance programs
Our academy approach contains the relevant information which professionals will need to fulfill the "Internal Control Life Cycle" using the "top-down, risk-based" approach.
We teach the background knowledge sources, provide advice on how to conduct risk assessments, discuss scoping, and review how to plan the assessment of an internal control framework. Risk management activities are the key process to determine the requirement of the ICFR assessment program. The program deliverables should lead to management's opining on the status of the internal control framework in reference to the SEC reporting requirements.
We have created detailed workshop materials based on our experiences with the creation and validation of internal controls over financial reporting (ICFR).
This twenty-four hour (Three Day) CPE course provides you with the tradecraft skills to implement a compliance program that is consistent with COSO 2013 and Sarbanes-Oxley compliance:
Day One:
Introduction - Dr. Deming's Thoughts on Quality - SEC ICFR Reporting
Internal Control Concepts and Challenges
Available Internal Control Frameworks
Business Objectives to Risk Assessments
Day Two:
Performing Risk Assessments within the Business Process
Performing Risk Assessments within the IT Activity
Identifying Key Controls
Assessing Design - Testing Effectiveness
Day Three:
Evaluating Control Deficiencies and their future
Opining and Certification
Keys to successful ICFR assessment
Building a culture of compliance
Top COSO 2013 key control programs
What You Get!!!:
We present the roadmap to having the skills and knowledge to work on COSO 2013 compliance.
Relax, learn and enjoy expert instructor presentations, group discussions, role-playing, audit and compliance exercises, white-board diagramming and simulations.
Follow the below links for further detail information:
. Seminar Highlights
. Learning Objectives
. Key Issues on the Agenda
The pricing for this CPE seminar is $1,575.00 for the first attendee from an organization. Attendees past the first attendee are $990.00 each.
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.
Testimonials:
Each attendee will receive 24 Auditing CPE Hours (YB). A certificate of completion will be provided.
Upcoming COSO Compliance Academies:
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Columbus, OH |
Wednesday-Friday, April 25-27, 2018 |
Wed. & Thurs. 8:45a to 4:45p - Fri. 8:45a to 2:45p |
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Confirmed Presentation |
Regus Office Suites - Crosswoods, 100 E. Campus View Boulevard, Suite #250, Columbus, Ohio 43235 |
Paramus, NJ |
Wednesday-Friday, May 23-25, 2018 |
Wed. & Thurs. 8:45a to 4:45p - Fri. 8:45a to 2:45p |
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Regus Office Facility, 140 East Ridgewood Avenue, Suite 415, Paramus, NJ 07652 |
Denver, CO |
Wednesday-Friday, July 18-20, 2018 |
Wed. & Thurs. 8:45a to 4:45p - Fri. 8:45a to 2:45p |
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Regus Office Suites, Denver Place at 999 18th Street, Suite 3000, Denver, Colorado 80202 |
Herndon, VA |
Wednesday-Friday, August 15-17, 2018 |
Wed. & Thurs. 8:45a to 4:45p - Fri. 8:45a to 2:45p |
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Regus Office Suites, 13800 Coppermine Road, Herndon, Virginia 20171 |
Chicago, IL |
Wednesday-Friday, September 12-14, 2018 |
Wed. & Thurs. 8:45a to 4:45p - Fri. 8:45a to 2:45p |
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Regus Office Suites, 10 South Riverside Plaza, Suite 875, Chicago, IL 60606 |
New Orleans |
Wednesday-Friday, October 31 - November 2, 2018 |
Wed. & Thurs. 8:45a to 4:45p - Fri. 8:45a to 2:45p |
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Regus HQ, 201 St. Charles Avenue, Suite 2500, New Orleans, Louisiana 70170 |
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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.
Benefits of Attending
- Review how COSO 2013 is structured
- Understand the skills necessary to design, implement and test controls
- Know the key program management deliverables within a COSO 2013 program
- Review the implications for using COSO 2013 and its assessment
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Learning Objectives
- Defining "internal control framework" within an organization
- Describing the COSO 2013 Framework and its documents to management
- Positioning attendees to design, implement and assess internal controls at all levels
- Understanding the gaps and shortcomings in COSO 2013 compliance
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Key Issues on the Agenda
Introductions
- Introductions
- Dr. Deming's Thoughts on Quality
- SEC ICFR Reporting Requirements
Section One - Internal Control Concepts and Challenges
- Pareto's Law
- Moore's Law
- The Business Model
- Five Layers of Business Objectives
- Enterprise Risk Management (ERM)
- Internal Controls
- Integration of Internal Controls
- Internal Controls over Financial Reporting (ICFR)
- Six Layers of Key Controls for ICFR
- Challenges with Humans
- Ownership is Required for Everything
- Communications
Section Two - Available Internal Control Frameworks
- COSO Enterprise Risk Management (COSO ERM 2017)
- COSO 2013 - 17 Principles and 85 Points of Focus
- ISACA Control Objectives for Information and Related Technologies (COBIT
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- Basel Committee on Banking Supervision (Basel II)
- Federal Deposit Insurance Corporate Improvement Act of 1991 (FDICIA)
- Internal Control Program Charter - How does an integrated program address ERM, COSO, COBIT, Basel II and FDICIA
- How Effective is Your ICFR? (Exercise)
Section Three - Business Objectives to Risk Assessments
- The Business Model to Identified Risks
- Layers of Risk Assessment
- ERM Best Practices
- Operations Risk Assessment
- Compliance Risk Assessment
- Information Technology Risk Assessment
- Financial Statement Risk Assessment
- The Big Three Connections - Business Objective - Risk - Control
- Measuring Residual Risk vs Inherent Risk
- Entity Level Controls Integration within the COSO Framework (Exercise)
Section Four - Performing Risk Assessments within the Business Process
- Significant accounts and their transaction sources
- Application software and transaction flow within business processes
- Business Objectives - Risks - Internal Controls relationship
- Risk Assessment within the Business Process
- Business Process Assertions - CAVR-C
- The "usual" suspects within a business process for misstatements
- Business process documentation standards (Exercise)
- Origination Services business process (Exercise)
Section Five - Performing Risk Assessments within the IT Activity
- Significant IT General Controls
- Risk Assessment within the IT Activity
- IT Activity Assertions
- The "usual" suspects within IT General Controls for material weaknesses
- IT Activity documentation standards (Exercise)
Section Six - Identifying Key Controls
- The labels controls carry - Entity - Process - ITGC - Preventive - Detective - Manual - Automated - Compensating - Review
- Key controls vs non-key controls
- Classifying controls in a business process exercise
- Information presented in reports and dashboards (IPE) Controls
- Business Process Key Controls (Exercise)
Section Seven - Assessing Design - Testing Effectiveness
- The walkthrough process
- Walkthrough interviewing using S.P.I.N.
- How to get to the facts
- Establishing a "Fact"
- Assessing the design of controls
- Elements maturity within business processes
- Testing for operation effectiveness of controls
- Methods of testing business process controls
- Sample size and sampling methodologies
- Defining and documenting an issue noted in testing
- Origination Services key controls testing (Exercise)
Section Eight - Evaluating Control Deficiencies and their future
- SEC's Definitions concerning Deficiencies
- Categories of Internal Control Deficiencies
- Determining materiality
- Documenting a deficiency
- Measuring the deficiency
- Determining the "Root Cause"
- Remediation
- Retesting
- Tracking of deficiencies (Exercise)
Section Nine - Opining and Certification
- COSO 2013 Guidance on ICFR Assessments
- Assessment vs Audit
- SEC Requirements
- Evidence to support management's assessment
- Certification of "ICFR"
- Opining to the External Auditor & SEC
Section Ten - Summary
- Keys to successful ICFR assessment
- Building a culture of compliance
- Top COSO 2013 key control programs
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Seminar Schedule
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 Seminars
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.
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