Date/time: 22 August 2017, 2pm – 10pm (BST)
Add to Calendar 22/08/2017 02:00 PM 22/08/2017 10:00 PM Operational Exam entry opening dates CIMADD/MM/YYYY
Many managers, supervisors, and accountants are not able to identify their departmental policies and procedures that function as the primary controls against errors and fraud. Alternately, auditors performing field work may be confused about how to interpret and evaluate management’s documentation of accounting processes and controls.
Neither party may truly understand how their duties differ. After an overview of the COSO guidance on the components and principles of internal control, this eight-hour webcast introduces participants to basic tools used to document processes and controls. Participants also discuss the identification of the risks of errors and fraud and consideration the presence (or absence) of related controls.
- Recall factors that an auditor should consider when obtaining an understanding of the entity and its environment, including internal control
- Identify keys to success in designing a control environment with strong internal controls
- Outline internal control objectives, components, and principles
- Understand the tools which can assist in the documentation of internal control
- Obtain efficiencies and effectiveness in internal control in various types of entities
- Components and principles of internal control
- Concepts associated with the COSO framework
- Management responsibilities vs. auditor responsibilities
- Common significant accounting processes
- Tools and techniques used for internal control documentation
Estimated duration: 8 hours
Field of study: Auditing
Program level: Basic
Advance preparation: None
Designed for: Practitioners responsible for or involved in financial statement audits
Instructor: Glenn L. Helms, Ph.D., CPA, CISA, CIA, CFF, CITP
Dr. Glenn L. Helms was the Arthur Young Fellow in IT Auditing at the University of Houston and has served as Director of Certification for the International Certified Information Systems Auditor program. He has served on numerous national and international academic and professional committees including the AICPA’s Auditing Standards Board’s Computer Auditing Subcommittee and its Specialised Accreditation Board.
Dr. Helms has presented more than 2,000 professional seminars throughout North and South America, Europe, and Asia. He has published more than 60 articles in a wide range of practitioner and academic journals. His books address security, controls and fraud in a variety of environments.
Dr. Helms is a multiple year recipient of the Don Farmer Award, and the Outstanding Discussion Leader Award from the AICPA for every year that the award has been presented. He has received similar awards from state societies and universities.
All learning resources available in the CGMA Store qualify for CPD for CIMA members. This course also offers 8 hours of CPE credit.
Access: Recording available for 90 days from air date
Note on CPE Requirements and Credits