COSO 2013 Requirements and Implementation Overview
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COSO 2013 Requirements and Implementation Overview

This course provides an overview of the important concepts of COSO 2013.
New
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:
  • 3 hours on-demand video
  • 2 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Explore the definition of Internal Control (IC) and its importance in today’s business.
  • Explore reason for COSO update and dissect key changes.
  • Discover the basic tenants of Internal Control (IC).
  • Recognize the keys to the COSO 17 principles
  • Explore how to perform a needs impact assessment and compliance plan.
View Curriculum
Requirements
  • Exposure to risk management
  • This is the beginning overview course for individuals to gain a baseline understanding of the new requirements of COSO 2013 and how they compare to COSO 1992.
  • Individuals should have a basic understanding of the COSO framework, COSO organization and its application of use.
  • Advanced Preparation: None
Description

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 original framework is widely accepted as a leading framework for designing, implementing, and conducting internal control and assessing the effectiveness of internal control. Since then, technology has drastically changed the business operating environment and the associated risks. In May 2013, the COSO foundation released an update to the framework.  The framework was updated due to global economic changes, enhanced information technology and increased shareholder expectations. Professionals must obtain a basic understanding of the concepts, principles and potential impact, including changes from the 1992 framework and the key COSO components and 17 principles.  This course provides an overview of the important concepts of COSO 2013. You'll learn about the important changes in the COSO framework and explore opportunities for management to place a renewed focus on internal control and enhance and solidify their Sarbanes-Oxley attestation.

Who is the target audience?
  • Anyone interested in finance, accountin
Compare to Other Risk Management Courses
Curriculum For This Course
18 Lectures
02:55:27
+
Introduction
16 Lectures 02:55:25


IC Basic Tenants
08:22

COSO 2013 Benefits and Challenges
02:42

Basic Framework
09:46

COSO Update and Key Changes
13:45

Keys to COSO 17 Principles
02:32

Control Environment
07:13

Risk Assessment
05:14

Control Activities
07:13

Monitoring
02:37

Framework Application
04:52

Needs Impact and Compliance Plan
03:14

Compliance
07:19

Summary
02:42

COSO 2013 Framework Requirements & Implementation Overview Continuous Play
01:27:43
+
Supporting Materials
2 Lectures 00:01
Slides: Implementation Requirements
00:00

Implementation Requirements Glossary/Index
00:00
+
Review and Test
0 Lectures 00:00

Review Questions: COSO 2013 Framework Requirements and Implementation Overview

Review Questions
6 questions

FINAL EXAM: COSO 2013 Framework Requirements and Implementation Overview

FINAL EXAM
10 questions
About the Instructor
Illumeo Learning
4.4 Average rating
322 Reviews
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.