How To Create Effective And Efficient Internal Control: The Ultimate "How To" Course

Webinar: ID# 1022828
Recorded CD
About This Course:
This webinar is geared exclusively to two main areas of emphasis. The COSO framework is first presented as the go-to technical reference framework for internal control that is internationally accepted and is much broader than most professionals realize. The COSO framework sets a high bar for the fully functioning internal control system. Then the practical "how to implement" emphasis presents the best control procedures, what is absolutely required, the policies and procedures you must have, the concepts that make internal controls clear, and the good ideas that may work for you.

A large menu of internal control policies and procedures are clearly described and made available for your adoption. You will gain a working knowledge of key elements and specific procedures of internal control that will benefit any organization, their external advisors, their management and financial staff, the board of directors and all stakeholders of the organization.


Internal Control – Introductory Comments
  • The Most Important Assets of an Organization
  • Internal Control Allows Boards Additional Oversight Controls
  • CPAs and CFOs – Be the Master
Internal Control – What You Must Have/What You Must Know
  • Landscape in the Compliance Environment
  • SOX, Federal Funds, Auditing Standards, COSO
  • Controls Over Cash and Controller
  • Policies and Procedures Federal Venue
  • Effectiveness in Controls Depends on the Tone at the Top
COSO and the Internal Control Framework
  • COSO Cube
  • 5 Components, 3 Objectives, Corporate Structure
  • Present and Functioning
  • All Working Together
  • 17 Principles
  • The Link Between Objectives and Risks
Internal Control – the Procedures and Concepts That Work
  • Segregation of Duties and Approvals
  • 50 Procedures for Increased Controls
About The Presenter

Marty Mathisen, CPA CGFM
  • Shareholder with Atkinson & Co Ltd CPAs and consultants, Albuquerque New Mexico
  • Respected practioner in the area of auditing and internal controls with over 38 years of experience
  • Partner on over 250 commercial, nonprofit and governmental audits over the last 20 years each with specific requirements for the documentation and evaluation of internal controls
  • Partner on anywhere from 2 to 7 single audits engagements each year for the same 20 year period requiring the evaluation, testing and reporting of internal controls over federal programs
  • Has been on various nonprofit and educational boards in New Mexico
  • Has performed special audit engagements for the New Mexico State Auditor and is an instructor for the Office of the State Auditor training programs
  • Seven year presenter for the Associated Governmental Accountants programs in New Mexico
  • Performed over 85 peer reviews of other CPA firms' systems of quality controls nationwide
  • Has presented internal control programs for Lorman Educational Services in past years
How To Create Effective And Efficient Internal Control: The Ultimate "How To" Course
Available on CD format
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