The introduction of the Sarbanes-Oxley (SOX) Act law fueled rapid growth in the organizational im-portance of internal control systems. Appropriate interpretation and implementation of the inter-nal control framework are vital for every organization. This course incorporates and reflects up-to-date guidance from the PCAOB, the AICPA, the ACFE, and the principles of 2013 the COSO Frame-work as amended. The course not only addresses the theoretical concept of the internal control system but also provides readers with the practical guidance they need to assume a role in the de-sign, implementation, maintenance and evaluation of a comprehensive framework of internal con-trols for their organizations.

Specifically, the course presents the principles of internal control to help readers understand the nature and context of control, such as the limitations of internal controls, the most recognized con-trols frameworks (e.g., COSO Framework, Green Book), and some common and important control procedures. It also includes steps on how to identify risks and controls, advice on how to assess the adequacy of controls, a discussion of how to reach a fair assessment, and documentation require-ments for evidence of effective controls. In addition, the course discusses requirements related to performing an integrated audit: AS 2201 and AU-C Section 940.  Although these auditing rules are mandatory for external auditors and not for management, management should give consideration to following the approach described in these requirements.

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate.

Upon course completion A course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/