Evaluating Internal Controls

Training Type: 
Live Training
Course Status: 
Repeat Offering
Date and Time: 
Oct 7 2014 - 9:00am to 5:00pm  CDT

New Orleans, LA (Hyatt Regency New Orleans)

601 Loyola Avenue
New Orleans, LA 70113
United States
+1 (504) 561-1234
Field of Study: 
Accounting – Governmental
CPE Credits: 
Member Price: 
Non-Member Price: 
Deputy Director
Who Will Benefit: 

Managers, internal auditors, and others with an interest in the proper design, maintenance, and evaluation of a comprehensive internal control framework in the public sector.

Program Description: 

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 (2013). The public-sector manager’s role in fraud prevention and detection also will be discussed.

Seminar 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 each of 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; and
  •     Describe how fraud can be identified and how identified fraud should be managed
Registration Form: