How Changes in Business Methods Affects Internal Control 26-27

Overview

New technology, the move toward telecommuting, the widespread adoption of electronic documentation, and a wide range of other factors have significantly and forever changed the way business is conducted. It should go without saying that changes in tools and methods lead to upheaval in any organization’s internal control system. In this session, we look at all the changes that are occurring and discuss what’s coming in the not too distant future. The material then looks at how internal controls have been affected and what other updates are on the horizon. Anyone trying to use controls to keep their organization efficient and secure should consider this session because the rate of change to both operational methods and control processes has been and will continue to be incredible.

Highlights

• How is business changing. • What is driving the change and how long will it last. • How specifically is an organizations control system important. • What steps are needed to “keep up” with the upheaval.

Prerequisites

None.

Designed For

Accounting and other business professionals with a need to understand internal control changes business operation updates.

Objectives

• Recognize changes that are occurring in business operations because of the change in attitudes, technology, and methods. • Recall the many factors driving operational updates. • Identify ways that security and productivity can be affected by inadequate internal control development, and • Indicate an understanding of specific control changes that will be important.

Preparation

None.