Accounting  |  Format: Flash

An Overview of the COSO Framework

Course Overview:
In this program, you will learn about the COSO Framework as issued in 2013. Topics include: definition of internal control; the Framework's objectives, components, and principles; the meaning of effective internal control; and the limitations of internal control. Examples are also included to illustrate the application of the COSO Framework. This program is Part 1 of a four-part series of programs related to the COSO Framework.

Learning Objectives:
After completing this course, the course participant should be able to:

  • Determine a basic understanding of the provisions of the COSO Framework
  • Define internal control and what is meant by an effective internal control system
  • Recognize the importance of entity level controls and their influence on internal control at the activity levels
  • Identify the COSO Framework's objectives, components, principles and points of focus
    Catalog Number: 99FLE16-tx
    CPE Credits: 1 Registry / 1 QAS
    Author: John M. Fleming, CPA, MBA
    Advanced Preparation:
    Basic knowledge of accounting and auditing
    Course Level: Basic
    Field of Study: Accounting
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Windows or Mac OS
    Release/Expiration Dates: May 16, 2014 / Apr 20, 2021