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COSO Internal Control Certificate (Seminar and On-site)

Course Description

Print-friendly Course Description and Outline

Designing and implementing an effective system of internal control can be challenging, and adapting to rapidly changing business models, new technologies, or globalization requires that system to be agile. An internal control system requires the use of judgment to monitor and assess its effectiveness, and it must provide insight on the application of controls.

The new Certificate, through a blend of self-paced learning and live classroom training, offers you a unique opportunity to develop an expertise in designing, implementing, and conducting an internal control system. This 25.5-credit program takes you through the Framework from start to finish and, through the use of real-world scenarios, allows you to:

  • Understand the principles-based approach.
  • Identify and analyze risks.
  • Develop confidence in the internal control system.
  • Learn from experts and share your experiences with your peers.

 
Upon completion of the self-study course and the in-person training, you’ll be eligible to sit for the exam and earn your certificate.

Course Schedule
Day 1: 8:30 a.m.–4:30 p.m.
Day 2: 8:30 a.m.–4:30 p.m.
Day 3: 8:30 a.m.–1:30 p.m.

Additional Information
Note: Two pre-work self-study courses are required to be completed prior to the start of the in-person training. Access to the pre-work is provided 7–10 business days before the start of the in-person training.

The goal of the online learning component is to provide an introduction to key concepts of the Framework and to allow you to begin thinking about the Framework in the context of your own entity. It covers a variety of topics including types of objectives, components of internal control, principles and points of focus, roles and responsibilities, and limitations of internal control. Examples are provided throughout the learning to illustrate the concepts presented.. ​

Course Duration: 2.5 day(s)
CPE Hours Available: 25.5
Knowledge Level: Intermediate
Field of Study: Personal Development
Prerequisites: 
​Basic understanding of COSO IC-IF
Advance Preparation: 
​Participants will complete an interactive self-study element as part of this course, which will be completed online prior to attending the facilitated session.
Delivery Format: On-site Training (Group-Live); Seminar (Group-Live)

Overview of the Frameworks

  • Identify key terms, definitions, and concepts of COSO’s Internal Control—Integrated Framework (Framework).
  • Recall the relationship among objectives, components, and the entity’s structure in achieving an effective system of internal control.
  • Recognize roles and responsibilities within an organization related to internal control.
  • Recall the limitations of internal control.

Control Environment

  • Recall key concepts included in the Framework related to the control environment component of internal control (including principles and points of focus).
  • Apply the concepts of the Framework with regard to control environment to a variety of organizational examples in achieving operations, reporting, and compliance objectives.

Risk Assessment

  • Recall key concepts included in the Framework related to the risk assessment component of internal control (including principles and points of focus).
  • Apply the concepts of the Framework with regard to risk assessment to a variety of organizational examples in achieving operations, reporting, and compliance objectives.

Control Activities

  • Recall key concepts included in the Framework related to the control activities component of internal control (including principles and points of focus).
  • Apply the concepts of the Framework with regard to control activities to a variety of organizational examples in achieving operations, reporting, and compliance objectives.

Information and Communication

  • Recall key concepts included in the Framework related to the information and communication component of internal control (including principles and points of focus).
  • Apply the concepts of the Framework with regard to information and communication to a variety of organizational examples in achieving operations, reporting, and compliance objectives.

Monitoring Activities

  • Recall key concepts included in the Framework related to the monitoring activities component of internal control (including principles and points of focus).
  • Apply the concepts of the Framework with regard to monitoring activities to a variety of organizational examples in achieving operations, reporting, and compliance objectives.

​Most courses can be delivered through on-site training. You might be surprised that the organization leading the profession is just as committed to the delivery of affordable training.

Contact us by calling +1-407-937-1388 or send an e-mail to GetTraining@theiia.org.

LocationsDates
Hilton Backbay Hotel - Boston, MA
Boston, MA
Details and pricing
September 19-21,
2017
The Palms Hotel - Las Vegas, NV
Las Vegas, NV
Details and pricing
November 14-16,
2017
Micro Tek Training Facility - New York
New York, NY
Details and pricing
December 5-7,
2017
Disney's Contemporary Resort
Orlando, FL
Details and pricing
December 12-14,
2017