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COSO Compliance Training Academy- St Louis Park, MN

Thursday, October 1, 2020, 9:00 AM - 3:00 PM


COSO Compliance Training Academy
About this Event
Focuses on the skills need by professionals working on COSO 2013 compliance programs

Our academy approach contains the relevant information which professionals will need to fulfill the "Internal Control Life Cycle" using the "top-down, risk-based" approach.

We teach the background knowledge sources, provide advice on how to conduct risk assessments, discuss scoping, and review how to plan the assessment of an internal control framework. Risk management activities are the key process to determine the requirement of the ICFR assessment program. The program deliverables should lead to management's opining on the status of the internal control framework in reference to the SEC reporting requirements.

We have created detailed workshop materials based on our experiences with the creation and validation of internal controls over financial reporting (ICFR).

This twenty-four hour (three-day) CPE course provides you with the tradecraft skills to implement a compliance program that is consistent with COSO 2013 and Sarbanes-Oxley compliance:

Day One:

Introduction - Dr. Deming's Thoughts on Quality - SEC ICFR Reporting

Internal Control Concepts and Challenges

Available Internal Control Frameworks

Business Objectives to Risk Assessments

Day Two:

Performing Risk Assessments within the Business Process

Performing Risk Assessments within the IT Activity

Identifying Key Controls

Assessing Design - Testing Effectiveness

Day Three:

Evaluating Control Deficiencies and their future

Opining and Certification

Keys to successful ICFR assessment

Building a culture of compliance

Top COSO 2013 key control programs

What You Get!!!:

We present the roadmap to having the skills and knowledge to work on COSO 2013 compliance.

Benefits of Attending

- Review how COSO 2013 is structured

- Understand the skills necessary to design, implement and test controls

- Know the key program management deliverables within a COSO 2013 program

- Review the implications for using COSO 2013 and its assessment

Learning Objectives

- Defining "internal control framework" within an organization

- Describing the COSO 2013 Framework and its documents to management

- Positioning attendees to design, implement and assess internal controls at all levels

- Understanding the gaps and shortcomings in COSO 2013 compliance

Key Issues on the Agenda

Introductions

- Introductions

- Dr. Deming's Thoughts on Quality

- SEC ICFR Reporting Requirements

Section One - Internal Control Concepts and Challenges

- Pareto's Law

- Moore's Law

- The Business Model

- Five Layers of Business Objectives

- Enterprise Risk Management (ERM)

- Internal Controls

- Integration of Internal Controls

- Internal Controls over Financial Reporting (ICFR)

- Six Layers of Key Controls for ICFR

- Challenges with Humans

- Ownership is Required for Everything

- Communications

Section Two - Available Internal Control Frameworks

- COSO Enterprise Risk Management (COSO ERM 2017)

- COSO 2013 - 17 Principles and 85 Points of Focus

- ISACA Control Objectives for Information and Related Technologies (COBIT

) - Basel Committee on Banking Supervision (Basel II)

- Federal Deposit Insurance Corporate Improvement Act of 1991 (FDICIA)

- Internal Control Program Charter - How does an integrated program address ERM, COSO, COBIT, Basel II and FDICIA

- How Effective is Your ICFR? (Exercise)

Section Three - Business Objectives to Risk Assessments

- The

Cost: $1,775

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Venue

Minneapolis, MN 55416

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