PPT-May 2013 Internal Control–Integrated Framework

Table of Contents COSO amp Project Overview Internal ControlIntegrated Framework Illustrative Documents Illustrative Tools for Assessing Effectiveness of a System of Internal Control Internal Control over External Financial Reporting A Compendium of Approaches and examples. V-JSAT2-May-15SUN3-May-15MON4-May-15V-BTUE5-May-15V-L/BV-JWED6-May-15THU7-May-15FRI8-May-15V-L/BV-JSAT9-May-15SUN10-May-15MON11-May-15V-BTUE12-May-15V-L/BV-J13-May-15THU14-May-15FRI15-May-15V-L/BV-JSA Internal Control–Integrated Framework. December 2011. Internal Control-Integrated Framework. First published in 1992. Gained wide acceptance following financial control failures of early 2000’s. Most widely used framework in the US. 7. Learning Objectives. Discuss fraud and the principles . of internal . control.. Apply internal control . principles to . cash.. Identify the control features of . a bank . account.. 3. Explain the reporting of cash.. Manager Training. Internal Control Officer: Kevin C Wilcox. Assistant Controller for Financial Controls: . Jonathan St Clair. Internal . Control Coordinator: Weisu Fudge. NOTE: This PowerPoint presentation is designed for the slides to advance automatically. However, you may still right click with your mouse and click on next or previous if you find it necessary to advance or repeat a slide. . to. the September . market Breakfast Group. . Control Framework. . Breakfast Group agenda. 9:00. . Arrival. , . breakfast . & networking . All.  . 9:15 . . Welcome. . Ali Dove.  . 9:20 Control Framework project and broker. Basics . of Internal Controls – what are they. ?. COSO framework . Practical applications to your current . processes. Facilitator: . Laura Williams. Updated February 2014. 2. Internal Control Basics. Daniel Adams. Inst. Audit & Advisory Services. About IAAS. Evaluate (internal) control processes. Monitor:. Compliance with policies, procedures laws and regulations. Means of safeguarding assets. Page . 1. Going . Green. Session Objective. To discuss GAO’s revision to the . Standards for Internal Control in the Federal Government . (Green Book). Page . 2. What’s in Green Book for . the Federal Government?. UNDERSTANDING AND IMPLEMENTATION STEPS. Presentation on Internal Financial Control (IFC). UNDERSTANDING OF INTERNAL FINANCIAL CONTROL. “Internal Financial Controls . over financial reporting” . mean…. Table of Contents . COSO & Project Overview. Internal Control-Integrated Framework. Illustrative. . Documents. Illustrative Tools for Assessing Effectiveness of a System of Internal Control. Internal Control over External Financial Reporting: A Compendium of Approaches and examples. Please contact . Laura Leka (. lauraleka@ifac.org. ) if you would like to include the IFAC and/or IIRC logo(s).. Introduction to Integrated Reporting. Overview. About the IIRC. A new corporate reporting model. Internal Control Officer: . Jonathan St. Clair. Internal Control Coordinator: . Weisu Fudge. December 2020. http://www.albany.edu/internalcontrol. 1. Why Internal Controls?. It Is The LAW!. The NYS Governmental Accountability, Audit and Internal Control Act of 1987 require all state agencies, including SUNY campuses to institute an Internal Control Program. -. The . practice of . the European Commission’s Internal Audit Service . Mr Mirco . Barbero. . European . Commission, IAS.C1. The Internal Control Framework (ICF) in the European Commission (EC). Chapter 10. Learning Objective 1. Contrast management’s need for. internal control with the auditor’s. need to consider internal control. when designing an audit.. Inherent. Limitations. Reasonable.