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COSO 2013: Framework Components, Principles, and Points of Focus   

3

Total CPE
Tuition
$265.00
Approximate Length
03:00:00
Course Number
17-WB-109
3

Total CPE
Tuition
$265.00
Approximate Length
03:00:00
Course Number
17-WB-109

Course Details

This course equips participants with an awareness of COSO’s 2013 Framework, which emphasizes the requirements for determining what constitutes effective internal control. It provides participants with in-depth knowledge of the Framework and its five components (Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring Activities) and the associated 17 principles. This course also covers the Framework within the context of an internal control over financial reporting (ICFR) assessment, where the objective is reliable financial reporting and the preparation of financial statements in accordance with U.S. GAAP.

By the end of this course, participants should be able to:

  • recall key concepts related to the COSO 2013 Framework
  • identify the five principles that support the Control Environment COSO component, including the related points of focus
  • identify the four principles that support the Risk Assessment COSO component, including the related points of focus
  • identify the three principles that support the Control Activities COSO component, including the related points of focus
  • identify the three principles that support the Information and Communication COSO component, including the related points of focus
  • identify the two principles that support the Monitoring Activities COSO component, including the related points of focus.

Note: This course references data and sources that were available at the time of development. Please visit the Internal Control Over Financial Reporting handbook for the most up-to-date insights.

Keywords: COSO, Framework, 2013, Internal Controls, ICFR, SEC, Components, Principles, Points of Focus, Control Environment, Risk Assessment, Control Activities, Information and Communications, Monitoring Activities, Major Deficiency, Material Weakness, SAPA 11

Other Details

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is mobile-compatible.


Level of Knowledge: Basic
Field of Study: Auditing - 3
Delivery Method: Web Based Self Study

This course equips participants with an awareness of COSO’s 2013 Framework, which emphasizes the requirements for determining what constitutes effective internal control. It provides participants with in-depth knowledge of the Framework and its five components (Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring Activities) and the associated 17 principles. This course also covers the Framework within the context of an internal control over financial reporting (ICFR) assessment, where the objective is reliable financial reporting and the preparation of financial statements in accordance with U.S. GAAP.

By the end of this course, participants should be able to:

  • recall key concepts related to the COSO 2013 Framework
  • identify the five principles that support the Control Environment COSO component, including the related points of focus
  • identify the four principles that support the Risk Assessment COSO component, including the related points of focus
  • identify the three principles that support the Control Activities COSO component, including the related points of focus
  • identify the three principles that support the Information and Communication COSO component, including the related points of focus
  • identify the two principles that support the Monitoring Activities COSO component, including the related points of focus.

Note: This course references data and sources that were available at the time of development. Please visit the Internal Control Over Financial Reporting handbook for the most up-to-date insights.

Keywords: COSO, Framework, 2013, Internal Controls, ICFR, SEC, Components, Principles, Points of Focus, Control Environment, Risk Assessment, Control Activities, Information and Communications, Monitoring Activities, Major Deficiency, Material Weakness, SAPA 11

Special Notice/Instruction: CPE credits will be awarded upon successful completion of the content and passing the exam with a grade of 70 or higher. In accordance with NASBA requirements, you must complete and pass the exam within one year of your enrollment in the program.

NASBA Delivery Type: Self-Study

Advance Preparation: There is no advance preparation for this course.

This course is mobile-compatible.


Level of Knowledge: Basic
Field of Study: Auditing - 3
Delivery Method: Web Based Self Study
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Introduction to Processes, Risks, and Controls
Introduction to Internal Control over Financial Reporting