Understanding and Creating an Internal Control Structure

Course Details

Date

Thursday, September 26, 2019

3:30am – 11:00am
(Registration: 3:00am)

Field of Study

Accounting

Course Number

4193896E

CPE Credit

8.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

CalCPA Education Foundation

Prerequisites

A basic understanding of Internal Control concepts.

Description

Successful organizations, both large and small, must understand the importance of effect internal controls and be able to develop a system of controls that will keep the entity on its intended course. Moreover, those that design policies and procedures, benefit by knowing why control measures are necessary.

This session sets forth internal control concepts and explains the importance of strong internal control policies. The material highlights some of the reasons that measures are needed and it also provides an overview of control creation methods. Finally, it discusses ways to successfully implement the developed policies and procedures. Participants that take this course will gain a well-rounded understanding of internal control procedures of all types.

Highlights

  • Underlying concepts of internal control
  • Defining where and why controls, policies and procedures are needed
  • Legacy control measures that are still important for businesses today
  • Creating control measures that address the use and protection of technology

Objectives

  • Understand key internal control concepts, including the four types of internal control: preventive, detective, deterrent and compensating
  • Explain how they would create strong internal controls
  • List reasons that control measures are required such as to deter fraud or reduce operational inefficiencies.
  • Explain the importance of the control environment as implementation efforts are ongoing
  • List three segments of an organizations technology infrastructure that must be controlled

Designed For

CPAs, accounting and business professionals.

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$245.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$375.00
Your Price $375.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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