COSO Internal Control Certificate

Who will benefit from this program?

Participants in this certificate program will walk away with a solid understanding of the COSO Enterprise Risk Management Framework (2017). This course is intended for audit leaders looking to establish a COSO-based audit organization. It is also intended for auditors new to working in an established COSO-based audit organization. This course is also appropriate for team members who play a risk management role in entities of any size; consultants who provide advisory services related to enterprise risk management; board members who provide oversight of enterprise risk management. Participants who successfully complete this program are eligible to plus themselves by obtaining COSO Internal Control Certificate - a wonderful addition to both your resume and LinkedIn profile.

Certificate Objectives

To support your ability as a professional to do the following:

• Demonstrate an understanding of COSO’s Internal Control — Integrated Framework (the IC framework)
• Effectively apply the IC framework

Certificate Topics

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.