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The NEW COSO Internal Control -- Integrated Framework -- What Do Entities and Auditors Need (NCIC)
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COSO recently revamped the original 1992 Internal Control - Integrated Framework to help entities better manage the unique and challenging enterprise-wide risks that today's organizations face. The original Framework will no longer be supported by COSO after December 15, 2014. As a result, reporting entities and their auditors need to take action now to adapt to the explicit principles and enhanced guidelines of the new version of the Framework.

6/22/2015
When: 6/22/2015
11:00 AM - 1:00 PM
Where: Webcast/Webinar
Presenter: Jen Louis, CPA | Judy O'Dell, CPA, CVA
Contact: April Deneault
801-834-6634


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COSO recently revamped the original 1992 Internal Control - Integrated Framework to help entities better manage the unique and challenging enterprise-wide risks that today's organizations face. The original Framework will no longer be supported by COSO after December 15, 2014. As a result, reporting entities and their auditors need to take action now to adapt to the explicit principles and enhanced guidelines of the new version of the Framework.

 

Objectives:

* Understand how sound internal controls promote efficiency, reduce risk of asset loss, and help ensure the reliability of financial statements and compliance * Describe how to demonstrate the new 17 explicit principles that underlie the original five components of internal control * Explain key enhancements made to the 2013 version of the Integrated Framework, and why they were made

 

Major Subjects:

* Why strong internal controls are critical for well-managed entities * Important differences between the 1992 and 2013 versions of the COSO Integrated Framework, including important enhancements related to enterprise-wide risk management * Key components of internal control per the COSO Integrated Framework, and the important role each plays in achieving various objectives related to strategy, operations, compliance and financial reporting * Demonstrating the 17 explicit principles detailed in the revamped Integrated Framework 
 

Designed For:  Accountants both in public and private practice responsible for designing, evaluating and/or monitoring internal controls over financial reporting

Prerequisite:   Experience with designing, evaluating or monitoring internal controls

Advanced Prep: None

  

Speaker: Jen Louis, CPA | Judy O'Dell, CPA, CVA

Vendor: Surgent McCoy

Field of Study:  Accounting (2)

Level:    Intermediate

CPE Credit: 2 Hours

Acronym:    NCIC

 

Registration Fees:

$89

Register Here

 


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