Webcast: Implementing and Maintaining an Internal Control System

197  |  Webcast  |  Intermediate  |  Scheduled

Description

Many organizations are successful as they create a system of internal controls, however some fail to properly implement the measures that are established. Moreover, entities regularly neglect the important process of testing, monitoring, and updating control procedures, which weakens the entire internal control structure. This session provides an overview of control creation methods and discusses ways to successfully implement policies and procedures. Additionally, it includes an array of control maintenance checklists that participants can take and adapt to their organization as they work to improve policies and procedures. Finally, it provides an understanding of the need for dynamic, fluid controls that adapt to changes in business tools and methods. Participants that take this course will have a strengthened ability to implement and maintain an internal control system.

Credits

Number of Credits Type of Credits
8.00 Accounting

Designed For

Accounting and other business professionals that would like to understand internal control implementation and testing procedures

Prerequisites

A basic understanding of Internal Control concepts

Highlights

This session is taught via the use of case studies adapted from real world examples. The topics discussed in this session include:

  • Control creation and implementation basics.
  • Implementation and update procedures for an Internal Control system.
  • Maintaining existing internal controls.

Objectives

Once participants have completed this session, they should be able to:

  • Recall the steps needed to implement a developed system of internal controls.
  • Recognize how to create control measure schedules that function weekly, monthly, quarterly, and yearly, and that are designed to test and monitor the internal control structure of an organization.
  • Indicate some of the ways available to test control measures to make sure they are working properly.
  • Identify the need to update existing controls to keep them viable as business operations change, and
  • Recall methods that can be used to communicate policy and procedure changes to those that are affected by these changes.

Prices

Member (Early Bird)
$269.00
Non-Member (Early Bird)
$369.00
Member
$269.00
Non-Member
$369.00
Your Price: $369.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

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Instructors

Karl W. Egnatoff, CPA, CITP

Karl Egnatoff is a Certified Public Accountant (CPA) currently living in Myrtle Beach, South Carolina. He has worked as an information technology services provider, a trainer and a programmer related to financial and business technology projects since 1995. Prior to this, Karl worked in public accounting as well as in private sector accounting for a period of approximately six years. He has been teaching group live and web-based continuing education since 2006. 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.

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 Myrtle Beach, South Carolina and have been married since 1990. They have two grown sons, Jordan and Steven.

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