Developing Internal Control Maintenance Routines | 4173380Y

Date :
October 26, 2017 10:00 AM - 12:00 PM
Location :
Webcast
Facility :
Webcast Rebroadcast
Level of Difficulty :
Intermediate
Member Price :
70.00
Nonmember Price :
94.00
CPE Credits :
CPE 2.00
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All business mechanisms must be maintained so they will continue to work in the proper manner. This is true for the system of internal controls at organizations of all types. Entities must develop processes to monitor the operation of control measures, to review exiting policies and procedures, that update measures, and that remove superseded or antiquated rules from the internal control structure. This session details methodologies that can be used to make sure all of these processes are properly addressed. Additionally, the material includes a number of templates and checklists that participants can adapt and use as they create maintenance routines for their organizations.

Objectives:

Once participants have completed this session they should be able to:

Understand the steps needed to implement a developed system of internal controls
Build control measure schedules that function weekly, monthly, quarterly and yearly, and that are designed to test and monitor the internal control structure of an organization
Understand the need to update existing controls to keep them viable as business operations change

Major Subjects:

Considerations for the maintenance of an internal control system
Reviewing and testing control measures
Updating controls and implementing control changes

Advanced Prep:

None.

Misc. Information:

All business mechanisms must be maintained so they will continue to work in the proper manner. This is true for the system of internal controls at organizations of all types. Entities must develop processes to monitor the operation of control measures, to review exiting policies and procedures, that update measures, and that remove superseded or antiquated rules from the internal control structure. This session details methodologies that can be used to make sure all of these processes are properly addressed. Additionally, the material includes a number of templates and checklists that participants can adapt and use as they create maintenance routines for their organizations.
Level of Difficulty:
Intermediate
Field of Interest:
Accounting
Prerequisites:
An understanding basic internal control conventions
Designed For:
Accounting and other business professionals that would benefit by implementing routines designed to maintain a systems of internal controls

Instructors

Karl W. Egnatoff, CPA.CITP
Karl Egnatoff, a member with Phoenix Beach, LLC, is a Certified Public Accountant (CPA) living in Myrtle Beach, South Carolina. He has worked as an information technology services provider and a trainer related to financial and business technology projects since 1995. He has been teaching group-live and web-based continuing education since 2006. In addition to being a CPA, he is also a Certified Information Technology Professional (CITP). During his working career, Egnatoff has owned and operated a number of successful businesses, all of which provided consulting and training services. The experience he garnered while running his companies serves him now as he develops and teaches continuing professional education. Egnatoff graduated from Marshall University, where he participated in Division I cross country and track, competing on the varsity squad. He and his wife Lana have been married since 1990 and have two grown sons.
No Agenda or Materials posted.