COSO 2013 Complying with the Information & Comm. Components
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COSO 2013 Complying with the Information & Comm. Components

This course focuses on the Information and Communication component and the three separate principles.
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0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
0 students enrolled
Last updated 8/2017
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Includes:
  • 2 hours on-demand video
  • 3 Articles
  • 3 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Defining Information & Communication component for COSO 2013
  • Examining the principles supporting the information and communication component.
  • Articulation of the Points of Focus that support the principles of Information & Communication.
  • Exploring how to utilize these points of focus most efficiently in your transition process.
  • Design of principles vs. execution – understanding the critical difference.
  • How the Information & Communication component connects to the other four components of COSO.
View Curriculum
Requirements
  • Prerequisite: Exposure to risk management
  • Advanced Preparation: None
Description

Information & Communication is necessary for the entity to carry out internal control responsibilities to support the achievement of objectives.  Management generates and uses relevant and quality information from both internal and external sources to support the functioning of internal control.  Communication is considered a continual and iterative process of providing, sharing and obtaining necessary information.  Information and Communication is the fourth component in the COSO framework.

COSO 2013 maintained the same five components previously identified within the 1992 framework.  These include:

  • Control Environment
  • Risk Assessment
  • Control Activities
  • Information & Communication
  • Monitoring

This COSO training course is designed to focus on the Information and Communication  component and the three separate principles that support this component. 

Information and Communication stands at the heart of any company.  It incorporates not just verbal communication but also a company’s IT infrastructure.

  • Principle 13: The organization uses relevant information. (5 POF)
  • Principle 14: Internal communication is effective.            (4 POF)
  • Principle 15:  External communication is sufficient.         (5 POF)

The course dissects the three principles and important concepts that companies need to understand and support in order to prove that the principles are in place and functioning.  We also discuss concepts related to mapping the principles to controls within the organization.

Management and the external auditors must understand each of these principles and be able to adequately support that they exist, are appropriately designed and functioning.  In addition, the components must effectively work in combination to provide for a positive attestation to internal controls.

Who is the target audience?
  • Anyone interested in finance, accounting, risk
Compare to Other Risk Management Courses
Curriculum For This Course
10 Lectures
01:57:39
+
Introduction
7 Lectures 01:57:34


Information and Communication Principles
18:23

Points of Focus that Support the I&C Principles
12:22

Understanding How to Utilize the POF in Your Transition Process
05:45

Course Conclusion and Summary
07:51

COSO 2013 Requirements for Complying with the Information & Communication
58:46
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Supporting Materials
3 Lectures 00:05
Slides: Requirements for complying with the Information & Communication
00:02

COSO Control Activity Glossary/Index
00:01

Bonus Material: "The Pain of Risk Tolerance"
00:01
+
Review and Test
0 Lectures 00:00

Review Questions: COSO 2013 Requirements for Complying with the Information and Communication Component

Review Questions
3 questions

FINAL EXAM: COSO 2013 Requirements for Complying with the Information and Communication Component

FINAL EXAM
5 questions
About the Instructor
Illumeo Learning
4.4 Average rating
322 Reviews
1,365 Students
242 Courses
Condensed and Efficient Courses for Busy Professionals

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Lynn Fountain (Illumeo)
4.6 Average rating
17 Reviews
89 Students
31 Courses

Ms. Fountain has over 30 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She currently performs consulting for companies on internal audit, risk management, internal controls, financial reporting and accounting along with performing training. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks

Ms. Fountain has developed and delivered leading edge training sessions on COSO, Internal Audit, ERM, Accounting, Leadership, Governance, Compliance and Ethics. She has numerous recorded webinars on Illumeo dot com.

Ms. Fountain has authored a publication for the Institute of Internal Auditors Research Foundation (IIARF) titled “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations”. The publication will be released April 20, 2015. In addition, she is authoring a publication for Auerbach on “The Realities of performing the Chief Audit Executive Role”. The publication will be released in the Fall 2015. In addition, she has performed as an adjunct instructor for the School of Business for Grantham University and the School of Business at the University of Kansas.

Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate.