Webcast: Understanding Internal Control Constructs

274  |  Webcast  |  Intermediate  |  Scheduled

Description

Organizations of all sizes often fail to successfully install the necessary foundational components of an internal control system. Whether large or small, entities must view policies, procedures, and all controls in a wholistic manner in order to develop a system of controls that will keep the entity on its intended course. Moreover, those that design policies and procedures benefit by knowing why control measures are necessary. This session sets forth internal control concepts and explains the importance of strong internal control policies. It provides an understanding of the interrelated nature of all controls created by any organization.

Credits

Number of Credits Type of Credits
4.00 Accounting

Designed For

Accounting and other business professionals that would benefit with greater understanding of internal control

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:

  • Underlying concepts of internal control.
  • The importance of control measure interdependency.

Objectives

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

  • Recall key internal control concepts, including the four types of internal control: preventive, detective, deterrent and compensating.
  • Identify how each control becomes a piece of an overall internal control structure, and
  • Recognize both organization wide measures as well as more segmented controls and how these must co-exist.

Prices

Member (Early Bird)
$149.00
Non-Member (Early Bird)
$199.00
Member
$149.00
Non-Member
$199.00
Your Price: $199.00

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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