Defining Where and Why Internal Controls are Needed 2024
Overview
This course will help you identify areas where overlooked internal controls are needed and how to identify and implement more robust controls. Most organizations have many primary control measures required to operate in place. However, many need more essential criteria to enhance security, productivity, and the quality of information available for decision-making. So, first, we’ll identify areas where internal control measures are needed. Then, we’ll explore why these controls should be created and review specific rules the organization should use in detail.
Highlights
- Control design basics
- Areas or segments of an enterprise to control
- Controls to reduce risk
- Controls to drive operations
Prerequisites
None
Designed For
CPAs, business and financial professionals looking to expand and update their understanding and knowledge.
Objectives
- Recall reasons to create controls such as to reduce errors, thwart fraud or enhance efficiency
- Distinguish between proactively and reactively created measures
- Identify control type segments such as administrative or operation-level measures
Preparation
None
Notice
This course is offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).
Leader(s):
Leader Bios
Karl Egnatoff, K2 Enterprises LLC
Karl Egnatoff is a Certified Public Accountant (CPA) currently living in Myrtle Beach, South Carolina. During the past 21 years Mr. Egnatoff has worked as a consultant, trainer and as a software engineer while engaged on projects for business organization of all types. Prior to this, Karl worked in public accounting as well as in private sector accounting for a period of approximately six years. Before partnering with Pat Garverick to form Phoenix Beach, Karl presented and created material in association with K2 Enterprises for approximately seven years. In addition to being a CPA, he is also a Certified Information Technology Professional (CITP). During the course of his career, Mr. Egnatoff has owned and operated a number of successful businesses. All of these provided services to other organizations in the business community. The experience he garnered while serving these organizations helps him now as he writes and presents continuing professional education through Phoenix Beach. Mr. Egnatoff is a member of the West Virginia Society of Certified Public Accountants, the American Institute of Certified Public Accountants, and the Information Technology Section of the American Institute of Certified Public Accountants. He has also achieved a number of technology certifications including Microsoft Certified Professional (MCP), Certified Software Engineer (CSE) and Certified Integration Developer (CID). Karl graduated from Marshall University with a Bachelor of Business Administration degree. During his time in college, he participated in division I Cross County competing on the varsity squad. He was also on Marshall’s Track team. Karl and his wife Lana have been married for twenty-six years and have two grown sons.
Non-Member Price $119.00
Member Price $89.00