CPAR GOV - Accounting & Financial Reporting

CPAR GOV/NFP - Vol. 2017 - No. 4 - 02 - Quality Assurance: A Necessary Ingredient for Internal Control

Course Overview
Management's ability to fulfill its financial reporting responsibilities often depends on the design and effectiveness of the processes and safeguards it has put in place over accounting. While no control system can absolutely assure that financial reports will never contain material errors or misstatements, Keith Barber - a director of CFO Consulting Partners - explains how a quality assurance process can substantially reduce the risk of inaccuracies and can lead to an effective system of internal control over financial reporting.



Learning Objectives:

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

  • Distinguish between "process-level" and "entity-level" accounting processes;
  • Identify the conditions that frequently result in financial restatements;
  • Recognize what "version confusion" is and what problems it can cause;
  • Determine what is necessary in order to document the quality assurance (QA) process.


Prerequisites/Advanced Preparation:

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

Speaker / Author:

FMN Online
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.

Price (USD)

Standard: $69.90

Details

Course Code : CPAR1312-FM

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

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