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Understanding Internal Control Constructs

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CPA Crossings Webinars

Online, OK 00000

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4.00 Credits

Member Price $149

Non-Member Price $169

Overview

Organizations of all sizes often fail to successfully install needed foundational components of an internal control system. Whether large or small, entities must view policies, procedures, and all controls in a wholistic manner in order to develop a system of controls that will keep the entity on its intended course. Moreover, those that design policies and procedures benefit by knowing why control measures are necessary. This session sets forth internal control concepts and explains the importance of strong internal control policies. It provides an understanding of the interrelated nature of all controls created by any organization. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics covered in this course include:

  • Underlying concepts of internal control
  • The importance of control measure interdependency

Prerequisites

A basic understanding of Internal Control concepts

Designed For

Accounting and other business professionals that would benefit with greater understanding of internal control.

Objectives

After attending this presentation, you will be able to...

  • Distinguish key internal control concepts, including the four types of internal control: preventive, detective, deterrent and compensating
  • Determine how each control becomes a piece of an overall internal control structure
  • Identify both organization-wide measures as well as more segmented controls and how these must co-exist

Preparation

None

Leader(s):

Leader Bios

Karl Egnatoff, Phoenix Beach, LLC

Karl W. Egnatoff, CPA, CITP, is based in Myrtle Beach, South Carolina. He has worked as a consultant, trainer and programmer related to financial and business technology projects for the past 18 years. Prior to this, Karl worked in public accounting as well as in private sector accounting for a period of approximately six years. In addition to being a CPA, he is also a Certified Information Technology Professional (CITP).

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Non-Member Price $169

Member Price $149