NetZealous LLC, DBA TrainHR, Hotel: DoubleTree by Hilton Hotel San Francisco Airport 835 Airport Blvd., Burlingame CA 94010-9949
2016-11-10
Overview: This course will address issues for organizations that need to have an audit on their financial statements. Specifically, this course will address the procedures for conducting a risk assessment for errors and fraud from both the organization’s and auditor’s standpoint. We will review risks for financial statement preparation, operations and compliance. Methods for designing and assessing the effectiveness of internal controls, including the importance of monitoring the controls, will be discussed. We will review methods for documenting the internal controls of the organization. We will review the COSO Framework for Internal Controls and provide examples of how to implement the framework. Examples of preventive and detective controls will be provided and we will review the importance of internal controls and how they can reduce the time and cost of financial statement audits and reduce the risk of fines from compliance audits. Why should you attend: Financial statement audits are mandatory for public companies under the SEC rules. Governmental entities, not-for-profits, and non-public companies also commonly undergo audits. An evaluation of internal controls is a integral part of a financial statement audit. Organizations with good internal controls can reduce the risk of error and fraud throughout the organization. Organizations with good internal controls can reduce the time and cost of an audit. Areas Covered in the Session: - Internal controls designed to prevent errors and fraud
- Internal controls designed to detect errors and fraud
- Designing a good risk assessment
- Conducting a risk assessment
- Monitoring internal controls
- Using good internal controls to reduce audit costs
- Internal controls for operations
- Internal controls for compliance
Who will benefit: - Professions in accounting fields such as Certified Public Accountants
- Certified Fraud Examiners
- Internal Auditors
- External Auditors
- Chief Financial Officers
- Controllers
- Accounting Managers
- Operations Managers and Business Owners would benefit from taking this course
- Additionally, anyone working in an accounting department or operations, who is responsible for accounting transactions, or compliance procedures within an organization would learn about assessing risk, designing and evaluating internal controls and the COSO Framework on internal Control.
Agenda: Day 1: Lecture 1: Audit Issues Audit Risk Risk of Material Misstatement Reducing Audit Costs Compliance Issues Laws Regulations Lecture 2: Review the COSO Framework for Internal Control Control Environment Control Activities Risk Assessment Information & Communication Monitoring Lecture 3: Conducting a risk assessment Identifying financial statement misstatements due to errors Identifying financial statement misstatements due to fraud Identifying compliance risks Identifying operations risks Lecture 4: Evaluating risks of misstatement Risk assessment checklist Assessing the severity of the risk Assessing the likelihood of the risk Risk in large organizations vs small & medium sized entities Day 2: Lecture 1: Designing internal controls Internal controls for financial reporting Internal controls for compliance Internal controls for operations Different types of internal controls Preventive controls Detective controls Mitigating and compensating controls Lecture 2: Evaluation of the internal controls Evaluating and assessing internal controls Key preventive controls Key detective controls The importance of monitoring controls Lecture 3: The 2013 COSO Component Evaluation Lecture 4: Cost effective internal controls Using good internal controls to reduce audit costs Cost vs Benefits analysis of controls Using internal controls as part of the enterprise risk management process Location: SFO, CA Date: November 10th & 11th, 2016 Time: 9:00 AM to 6:00 PM Venue: DoubleTree by Hilton Hotel San Francisco Airport Address: 835 Airport Blvd., Burlingame CA 94010-9949 Price: $895.00 (Seminar fee for One Delegate) Register now and save $200. (Early Bird) Until September 20, Early Bird Price: $895.00 From September 21 to November 08, Regular Price: $1,095.00 Quick Contact: NetZealous DBA as TrainHR Phone: 1- 800-385-1627 Fax: 302-288-6884 Email: support@trainhr.com Website: https://www.trainhr.com/ Registration Link - https://www.trainhr.com/control/hr-seminar/~product_id=100081SEMINAR Follow on LinkedIn: https://www.linkedin.com/company/trainhr
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