COSO 2013 Control Environment Compliance
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COSO 2013 Control Environment Compliance

This course explores the 5 basic principles for dealing with Control Environment of COSO 2013.
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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  • 2 hours on-demand video
  • 5 Articles
  • 5 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Defining the Control Environment for COSO 2013
  • Examine the five principles supporting the control environment.
  • Discuss points of focus that support the five principles of the control environment and how to utilize these points of focus most efficiently in your transition process.
  • Design of principles vs. execution – understanding the critical difference.
  • How the control environment sets the “tone” for the remaining components.
View Curriculum
  • Prerequisite: Exposure to risk management
  • Advanced Preparation: None

It's been more than 20 years since the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its Internal Control—Integrated Framework (the original framework). The new framework will become effective in December 2014. Professionals must first obtain a basic understanding of the concepts, principles and potential impact, including changes from the 1992 framework and the key COSO components and related principles.

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

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

Each component is now defined by separate principles that underlie the component.  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.

The Control Environment is defined as the overall attitude, awareness and actions of directors and management (i.e. "those charged with governance") regarding the internal control system and its importance to the entity.  The Control Environment is named as the first component within COSO 2013.

This course is designed to focus on the Control Environment and the five separate principles that support this component. 

  1. The organization demonstrates commitment to integrity and ethical values.
  2. The Board maintains independence from management and exercises oversight of internal control.
  3. Management establishes structure, reporting lines, and appropriate authority and responsibility.
  4. The organization demonstrates commitment to attract, develop and retain competent individuals.
  5. The organization holds individuals accountable for internal control responsibilities.
Who is the target audience?
  • Anyone interested in accounting, finance, risk management or related fields
Compare to Other Risk Management Courses
Curriculum For This Course
12 Lectures
7 Lectures 02:05:21

Control Environment Attributes

Control Environment Principles 1 - 5

Mapping CE Principles

Methods of Evaluation and Course Summary

COSO 2013 Control Environment Compliance Continuous Play
Supporting Materials
5 Lectures 00:05
Slides: Control Environment

Control Environment Glossary/Index

Bonus Material: "Controlling The Control Environment"

Bonus Material: "When the Whistle Blows"

Bonus Material: KSCPAs Newsletter
Review and Test
0 Lectures 00:00

Review Questions: COSO 2013 Control Environment Compliance

Review Questions
5 questions

FINAL EXAM: COSO 2013 Control Environment Compliance

8 questions
About the Instructor
Illumeo Learning
4.4 Average rating
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1,363 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.