PPT-New COSO Model and How Internal Controls Help to Reduce Opp

Presented By William Blend CPA CFE Session Overview Review the new COSO model on internal controls Discuss internal controls and their practical application 2 Here We Go 3 4 fraud highlights. Agenda:. 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. Risk Assessment. Presented By: . Donna Denker, CPA. Donna Denker & Associates. Definition of Fraud. Per SAS 99 – (2002) – “An intentional act that results in material misstatement to the financial statements that are subject to an audit.”. Chapter 7. 7-1. Learning Objectives. Explain basic control concepts and why computer control and security are important.. Compare and contrast the COBIT, COSO, and ERM control frameworks.. Describe the major elements in the internal environment of a company.. February 17, 2017. 2. Let’s start our journey with the good news.. Type of Victim Organization – Frequency and Median Loss. 3. Industry of Victim Organizations. 4. Level of Government – Frequency and Median Loss. 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. 1. 4 April 2016. Take control. Add value. Contents. © 2015 Deloitte Touche Tohmatsu India Private Limited. Understanding regulations. 1. Focusing on business value; not compliance. 2. Getting Audit ready. 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. Institute of Internal Auditors. Long Island Chapter. Annual Information Technology Conference. Disclosures. The presentation assumes that attendees already have a basic understanding of COSO products and the 2013 update in particular.. Key Drivers for an Effective Control Framework. Parallel to Government Control Requirements. DOE Framework and Contractor . Requirements. SEC/Public Company Requirements. COSO Framework Maturity Over Time. Audits and Internal Controls Presented by: Tami Bidle, Financial Reporting Manager, Business Services/Controller Heather Lopez, Chief Audit Executive, Internal Audit August 22, 2017 1 Agenda Internal Control 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. Also widely used around the world. Chapter 7. 7. -1. Learning Objectives. Explain basic control . concepts. Compare and contrast the COBIT, COSO, and ERM control frameworks.. Describe the major elements in the internal environment of a company.. Valdosta State University. Office of Internal Audits. June 2016. 1. Presentation Overview. Understand Internal Controls. Identify Control Weaknesses. Fraud. Best Practices. 2. Internal Controls. How did this happen?. By Andrew Laflin and Jim Kreiser. “Going Paperless…”. When people hear the phrase “going paperless,” they often assume they will no longer be using paper in daily tasks or even have access to it in their office..