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 like to have an understanding of internal controls for business entities
Vendor: Taymes, LLC
Speaker: Karl Egnatoff
- 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 they would create strong internal controls * List reasons that control measures are required, such as to deter fraud or reduce operational inefficiencies * Explain the importance of the control environment as implementation efforts are ongoing * List three segments of an organization's technology infrastructure that must be controlled