Webcast: Understanding and Creating an Internal Control System 25-26
8.0 Credits
Member Price $255.00
Non-Member Price $340.00
Overview
Successful organizations understand the importance of effective internal controls and develop a system to stay on the intended course. Those who design policies and procedures benefit by knowing why control measures are necessary. First, we’ll examine critical concepts and the importance of strong internal control policies. Then, we’ll look at why standards are needed and control creation methods. Finally, discuss strategies to implement policies and procedures.
Highlights
- Underlying concepts of internal control
- Defining where and why controls, policies and procedures are needed
- Legacy control measures that are still important for businesses today
- Creating control measures that address the use and protection of technology
Prerequisites
A basic understanding of Internal Control concepts.
Designed For
CPAs, accounting and business professionals.
Objectives
- Recognize key internal control concepts, including the four types of internal control: preventive, detective, deterrent and compensating
- Recall how they would create strong internal controls
- List reasons that control measures are required, such as to deter fraud or reduce operational inefficiencies
- Recall the importance of the control environment as implementation efforts are ongoing
- Identify three segments of an organization's technology infrastructure that must be controlled
Preparation
None
Notice
Role Level: Entry-level/Individual contributor; Manager/Senior Manager; Director; Executive/VP; Sole Practitioner
Leader(s):
Leader Bios
Karl W. Egnatoff, CITP, Taymes, LLC
Karl Egnatoff is a Certified Public Accountant (CPA) based in the Charleston, West Virginia area. He has worked as a consultant, trainer and programmer related to financial and business technology projects for the past 17 years. Prior to this, Karl worked in public Accounting & Auditing as well as in private sector Accounting & Auditing for a period of approximately six years. In addition to being a CPA, he is also a Certified Information Technology Professional (CITP). Karl is a member of the West Virginia Society of Certified Public Accountants, the American Institute of Certified Public Accountants, and the Information Technology Section of the American Institute of Certified Public Accountants. He has also achieved a number of technology certifications including Microsoft Certified Professional (MCP), Certified Software Engineer (CSE) and Certified Integration Developer (CID). During the course of his career, Mr. Egnatoff has owned and operated a number of successful businesses. All of these were business technology entities that provided consulting and training services. The experience he garnered while with these organizations serves him now as he teaches continuing professional education in association with K2 Enterprises. Karl graduated from Marshall University with a Bachelor of Business Administration degree. During his time in college he participated in division I Cross County competing on the varsity squad. He was also on Marshall’s Track team. Karl and his wife Lana live in Milton, West Virginia and have been married for twenty-two years. They have two sons, Jordan age 20, Steven age 18.
Non-Member Price $340.00
Member Price $255.00