WR077823: Understanding Internal Control Constructs
Organizations of all sizes often fail to successfully install needed 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 who 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.

Event Level: Intermediate
Required Knowledge: A basic understanding of internal control concepts
Advanced Preparation: None
Who Should Attend: Accounting and other business professionals who would benefit with greater understanding of internal control
Vendor: Taymes, LLC
Speaker: Karl Egnatoff

Objectives
  • Once participants have completed this session, they should be able to * Understand key internal-control concepts, including the four types of internal control—preventive, detective, deterrent, and compensating * Explain how each control becomes a piece of an overall internal-control structure * Detail both organization-wide measures as well as more segmented controls and how these must co-exist
Event Information
Date Presented:
December 27, 2023 1:00 PM Eastern
Length:
3 hours, 30 minutes
Member Price:
$145.00
Non-Member:
$195.00
Understanding Internal Control Constructs
Individual topic purchase: Selected
North Carolina Association of Certified Public Accountants
Accounting: 4.00