Self-Study: Surgent's Internal Controls and COSO in a Post-COVID Landscape

Overview

Companies that fall victim to fraud schemes need to reassess internal controls in order to prevent future fraudulent activity. In this course, we will review the 18 most prevalent internal controls present as well as designed and operating effectively according to the Association of Certified Fraud Examiners’ Occupational Fraud 2022: A Report to the Nations. Then we will tie these controls to the 17 internal control principles offered by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), the framework used by virtually all entities and auditors to assess the design and operational effectiveness of internal controls. Lastly, we will consider the impact of the 2020 pandemic on the internal control environment in the post-COVID pandemic era.

Highlights

• ACFE's Occupational Fraud 2022: A Report to the Nations and the most commonly found controls in fraud victim organizations 
• Internal controls in relation to COSO principles
• How to employ controls to cut losses
• How to modify controls in the post-COVID era
• Remote work circumstances and considerations

Prerequisites

None

Designed For

CPAs in public practice and industry who wish to educate clients or colleagues on how to assess internal controls and adapt in the post-COVID era

Objectives

• Understand that fraud occurs in companies with seemingly sound internal control structures
• Assess how internal controls fit into the COSO framework and determine whether mitigating controls are sufficient
• Unders

  Preparation

  None

  Notice

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