2024 Internal Controls for Small and Medium-Sized Entities

Overview

This session explores the importance of internal controls with an emphasis on best practices for small- and medium-sized entities.  We will examine the roles of both preventive and detective controls and practical, cost-effective suggestions for implementing effective internal controls will be addressed.

Highlights

• Overview of controls
• Preventative controls
• Detective controls
• Controls for SMEs

Prerequisites

A basic understanding of financial statement audits

Designed For

CPAs in public practice and accountants in industry who want to enhance their awareness of practical internal controls for small- and medium-sized entities

Objectives

• Recognize the importance of internal controls
• Appreciate nuances of internal controls for small and medium-sized entities
• Distinguish controls as either preventive or detective
• Identify useful controls for organizations that have limited resources

Preparation

None

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Accounting Continuing Professional Education Network (ACPEN).