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Courses/Audit & Assurance/Audit and Assurance Update

Internal and System Controls Overview

Taking this course will provide an overview of the essential elements of internal and systems controls.

Created byTom Coghlan CMA, MBA
4.6
(40 reviews)
BeginnerUpdated May 10, 2022
Internal and System Controls Overview

What You'll Learn

check_circleExplore risk and how internal controls can mitigate risk. Define inherent risk, control risk and detection risk.
check_circleIdentify the five components of the Committee of Sponsoring Organization's (COSO) internal control model.
check_circleIdentify the Board of Directors role related to company operations and the shareholders.
check_circleExplore the internal control portions of the Foreign Corrupt Practices Act and the Sarbanes-Oxley Act.
check_circleRecognize the role of the Public Company Accounting Oversight Board (PCAOB) in providing guidance in auditing internal controls.
check_circleExplore the internal audit function and identify its scope.
check_circleIdentify and describe the internal control breakdowns and related risks that the internal audit function should report to management and the Board of Directors.
check_circleIdentify, define, and describe the use of physical controls, logical controls, transaction controls, storage controls, and systems development controls.
check_circleDiscover threats to information systems and ways to mitigate information security threats.
check_circleExplore the objective of a disaster recovery plan.
check_circleExplore business continuity planning.

About This Course

Taking this course will provide an overview of the essential elements of internal and systems controls. Special consideration is given to understanding risk, internal control frameworks, corporate governance, legal requirements, the role of external and internal auditing, and systems controls.

Topics include: • Risks and Internal Controls • Internal Control Framework • Types of Internal Controls • Governance and the Board of Directors • Legal Compliance • Role of External Auditors • Role of Internal Auditors • Systems Controls • Security Measures

Field of Study: Auditing

Your Instructor

Tom Coghlan CMA, MBA
Tom Coghlan CMA, MBA

Managing Director of CPE University, LLC

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star779 reviews

Tom Coghlan, CMA, MBA has worked at the intersection of accounting, information technology and decision making for over 30 years. His diverse set of experiences and roles include serving as: Founder of CPE University, LLC, a provider of online and in-person CPE programs in operational analysis, managerial accounting, decision making, and ethics. He is one of the top CMA exam review instructors in North America, and has helped hundreds of people prepare to take the CMA examination Founder of Appitur® Co., the developer of a mobile platform that provides exam prep companies with a branded app/web solution for their students to access study materials Business Fellow and Instructor at Villanova University, where he taught graduate and undergraduate courses in Accounting and Analytics, and was the Director of the Center for Business Analytics CFO and Director of Information Technology for a multi-national business unit of Imperial Chemical Industries Partner and Vice President of Client Services for FirstQuarter, Inc., where he led projects that helped clients including Cordis (division of Johnson & Johnson), Del Monte Foods, Alcon, Analog Devices, and Stantec maximize their technology investments Tom earned a BS degree in Business Administration from Drexel University, and an MBA from LaSalle University. Tom is a Certified Managerial Accountant (CMA), and passed the Certified Public Accounting (CPA) exam in Pennsylvania.

Credit Information

What Students Are Saying

4.6
Student's Choice
40 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.