Evaluating Internal Controls

Accounting and Financial Reporting

Evaluating Internal Controls

Event Type: eLearning Course

Dates and Times

  • August 31, 2026 1 - 3 p.m. ET

  • September 1, 2026 1 - 3 p.m. ET

  • September 2, 2026 1 - 3 p.m. ET

  • September 3, 2026 1 - 3 p.m. ET

Event Details

Field of Study: Accounting (Governmental)

Level: Basic

Credits: 8

Prerequisite: None

Details

Participants will examine, from a state and local government perspective, each of the essential components of a comprehensive framework of internal control, along with the accompanying principles and points of focus identified in the Council of Sponsoring Organizations (COSO) most recent version of Internal Control – Integrated Framework. The public-sector manager’s role in fraud prevention and detection also will be discussed. This course combines lecture, discussion, and exercises.

Who Will Benefit

  • Those with an interest in the design, maintenance, and evaluation of comprehensive internal controls

Learning Objectives

Those who successfully complete this seminar should be able to:

  • Define internal control and explain how it relates to basic managerial objectives
  • Identify the respective responsibilities of management, the governing body, external auditors, and internal auditors in regard to internal control
  • Identify the five essential components of a comprehensive framework of internal control
  • Identify the 17 principles associated with those five essential components
  • Identify the key points of focus related to each principle
  • Describe the inherent limitations of internal control
  • Describe the relationship between internal control and enterprise risk management
  • Describe the relationship between internal control and fraud
  • Describe how fraud can be identified and how identified fraud should be managed

Member Price: $360.00

Non-Member Price: $495.00

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