This informative course walks you through the fundamental concepts and components of internal control. You'll learn how to design and operate effective accounting and internal control systems, create comprehensive charts of accounts and budgeting controls, and prepare flowcharts using internal control questionnaires to identify control deficiencies. In addition, this course describes the relationship of fraud prevention and internal controls, showing you how to design internal controls that help prevent misappropriation of assets.
Upon successful completion of this course, participants will be able to:
- Recognize the fundamental concepts of internal controls and the components of the COSO internal control framework
- Identify the requirements of key controls and examples of key owner/manager internal controls
- Recognize the purpose of flow charts and internal control questionnaires in identifying the cause of control deficiencies and ways to overcome these deficiencies
- Identify the common frauds found in small entities
Choose Your Preferred Format
Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.
Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.
Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.
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