Internal Control Principles and Practice

With internal control issues gaining attention in recent years, practitioners should be well versed in this area. This course discusses the important role internal control plays in achieving fair and accurate financial statements. It reviews the laws and regulations that focus on activities designed to meet objectives related to the accuracy of financial reporting.

Current regulations require assessments by management and auditors on the design and operational effectiveness of controls. To assist practitioners with these requirements, this program will describe the five components of internal control, along with the principles, and accompanying points of focus, that relate to each of the components.