FMN Auditing

FMN - 2018/October, Seg.1 - What Role Should Internal Controls Perform in Governance?

Course Overview
Financial professionals must increasingly exercise their judgment and skill over a wide range of pressing issues. But without internal controls, it would be extremely difficult for most business enterprises - especially those with numerous locations and processes - to prepare timely and reliable financial reports. According to Ron Kral, practice leader for SEC compliance and internal auditing services at Kral Ussery LLC, an effective system of internal control over financial reporting can substantially reduce the risk of misstatements and inaccuracies in a company's financial statements.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Recognize the core components of an organization's control environment;
  • Identify the five overarching and interrelated components of COSO's revised Enterprise Risk Management - Integrated Framework;
  • Recognize the keys to governance;
  • Identify what an organization should do to develop employee skillsets for proper stewardship and governance.

Prerequisites/Advanced Preparation:

Work experience in financial reporting or auditing, or an introductory course in auditing

Speaker / Author:

FMN Online
SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Price (USD)

Standard: $69.90


Course Code : FMN1272-FM

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Auditing

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