CPAR Auditing Practice

CPAR - 2018/October, Seg.3 - What Role Should Internal Controls Perform in Goverance?

Course Overview
Financial professionals must increasingly exercise their judgment and skill over a wide range of pressing issues. But without internal controls, it would be extremely difficult for most business enterprises - especially those with numerous locations and processes - to prepare timely and reliable financial reports. According to Ron Kral, practice leader for SEC compliance and internal auditing services at Kral Ussery LLC, an effective system of internal control over financial reporting can substantially reduce the risk of misstatements and inaccuracies in a company's financial statements.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Recognize the core components of an organization's control environment;
  • Identify the five overarching and interrelated components of COSO's revised Enterprise Risk Management - Integrated Framework;
  • Recognize the keys to governance;
  • Identify what an organization should do to develop employee skillsets for proper stewardship and governance.

Content Partner:

CPA Reports Online

Prerequisites/Advanced Preparation:

Work experience in financial reporting or auditing, or an introductory course in auditing

Speaker / Author:

SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Adobe® Flash® Player 9 or higher
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Sound card with speakers/headphones
  • Windows or Mac OS

Price (USD)

Standard: $69.90


Course Code : CPAR1357-FM

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Auditing

Returning Subscribers

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