Implementation of COSO principles based models (2013 & 2017)
Published 4/2025
Duration: 2h 12m | .MP4 1280×720, 30 fps(r) | AAC, 44100 Hz, 2ch | 1.42 GB
Choosing, implementing and assessing your best internal control model
What you’ll learn
– Understand the internal control basic concepts and models
– Provide a criterion to best choose the COSO model that best suit your organization needs
– Deploy the informational requirements for each COSO model
– Assess the internal control of your organization on a holistic and agile basis
Requirements
– Basic understanding of internal control
Description
A substantial element for the good order of organizations, both public and private, as they grow and become more complex, has always been the establishment of an internal control system. This internal control system serves to structure functions and processes in a functional way, prevent the occurrence of fraud and guarantee due financial reporting.
Thus, in 1992, the COSO (Committee of Sponsoring Organizations) framework was established, promulgated by the joint effort of five prominent organizations:
AAA – American Association of Accountants
AICPA – American Institute of Certified Public Accountants
IMA – Institute of Managerial Accountants, Instituto de Auditores Gerenciales
FEI – Financial Executives Institute
IIA – Institute of Internal Auditors, Instituto de Auditores Internos
Over time, this model showed virtues and limitations, giving rise to the subsequent formulation of other alternative frameworks that we will analyze in this course:
· CoCo – Committee of Canadian Organizations, in 1992
· COSO – ERM in 2004 ERM stands for Enterprise Risk Management. Enterprise Risk Management
Who this course is for:
– Auditors
– Managers
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