Internal Controls 2015 - Internal Controls - What Every Manager Needs to Know

Internal Controls - What Every Manager Needs to Know
This webinar will provide participants with a fresh view of what every manager needs to understand about the concept of internal controls. It will review the practical aspects of internal controls in the operational, compliance and financial reporting areas.
Why Should You Attend:
Companies who disclose that they follow the COSO framework for SOX compliance need to understand the implications of the new guidelines as well as the timing for compliance. The simple fact that the COSO foundation found it imperative to update a framework that has been in existence since 1992 is evidence that experts recognize the demands of shareholders, regulatory bodies as well as consumers.
This webinar will help you understand and establish sound, effective and proper controls in the operational, compliance and financial venues.
Acknowledging that management often views internal controls as a series of forms, checklists and templates that auditors require for either their annual audit or for Sarbanes-Oxley, this webinar will speak to how, in reality, internal controls ? when properly implemented and supported ? is one of the most beneficial aspects in creating ultimate organizational value. You will come away with a new view of internal controls and ideas that will assist in ensuring your organization places the proper focus on those risk areas that may be most impactful.
Areas Covered in the Webinar:
? Legislation, regulations, guidelines and internal control standards ? What you really need to know to ensure your internal control structure is compliant.
? The balancing act of internal controls ? cost vs. benefit.
? What to do when management asks “Do we really need that many controls?”
? Detective controls, preventative controls, manual vs. automated controls, tone at the top and why you should care.
? Forms, checklist and templates ? their true link to internal control compliance.
? How to refresh management and the boards view on Internal Controls
Who Will Benefit:
? Managers and supervisors
? Risk and Legal Professionals
? Compliance Professionals
? Process improvement professionals
? Internal Auditors
? Board Members
Instructor Profile:
Ms. Lynn Fountain, CGMA, CRMA, MBA, has over 30 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks.
Ms. Fountain has developed and delivered leading edge training sessions on the new COSO framework and has assisted companies in identifying risk gap analysis in their individual processes. She currently executes two highly recognized e-workshops for the Institute of Internal Auditors, one on Fraud and the second on Ethics. Both workshops have incorporate aspects of COSO 2013.
Ms. Fountain is in the process of authoring a publication for the IIA Research Foundation on aspects of fraud auditing. The publication is due out in 2015. In addition, she has performed as an adjunct instructor for the School of Business for Grantham University and the School of Business at the University of Kansas.
Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas.
Topic Background:
With the recent release of the COSO 2013 framework, compliance professionals, internal and external auditors, management and company Boards are scrambling to determine how the new guidance will impact their organizations. When the topic of internal control is brought up, the conversation frequently centers on control activities or procedures, rather than the bigger picture of the whole internal control framework. COSO 2013 along with the PCAOB’s December 2012 report on the adequacy of the public accounting firm’s application of Internal Controls over Financial Reporting are two critical compliance documents that will have a tremendous impact on the ongoing application of focus of not just financial reporting but also operational and compliance internal controls.
In today’s business world, the term, internal control, is assumed to be a well-known and understood concept. However, in reality, many individuals view the concept as one in which is only required “when the auditors ask”. In today’s ever changing business world, management must re-evaluate their position on internal controls and how they employ the roles and responsibilities related to internal control within their environments. Companies who indicate they utilize the COSO framework for their evaluation and compliance processes will be expected to employ the concepts imbedded in the current draft by December 15, 2014. This may be a significant task for many companies and will include re-evaluation of their current compliance and internal audit programs as well as the organizational alignment of these functions.
Contact for Registration:
http://www.complianceonline.com/internal-controls-...