Understanding Internal Control Constructs 2023 WEBCAST
Overview
Organizations of all sizes often fail to successfully install the needed foundational components of an internal control system. Entities must view policies, procedures and all controls holistically to develop a system of rules that will keep the entity on course. Moreover, those who design policies and procedures benefit by knowing why control measures are necessary. This course sets forth internal control concepts and explains the importance of strong internal control policies. In addition, it provides an understanding of the interrelated nature of all controls created by any organization.
Highlights
Underlying concepts of internal control. The importance of control measure interdependency.
Prerequisites
A basic understanding of Internal Control concepts.
Designed For
CPAs, accounting and other business professionals.
Objectives
Understand key internal control concepts, including the four types of internal control preventive, detective, deterrent and compensating. Explain how each control becomes a piece of an overall internal control structure. Detail both organization-wide measures as well as more segmented controls and how these must co-exist.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Karl Egnatoff, Taymes, LLC
Karl Egnatoff is a Certified Public Accountant (CPA) based in Myrtle Beach, South Carolina. He has worked as a consultant, trainer and programmer related to financial and business technology projects for the past 20 years. Prior to this, Karl worked in public accounting as well as in private sector accounting for a period of approximately six years. He has been teaching group live and web-based continuing education for the past six years. In addition to being a CPA, he is also a Certified Information Technology Professional (CITP). Karl 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). During the course of his career, Mr. Egnatoff has owned and operated a number of successful businesses. All of these were business technology entities that provided consulting and training services. The experience he garnered while with these organizations serves him now as he teaches continuing professional education in association with K2 Enterprises. 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 live in Myrtle Beach, South Carolina and have been married for twenty-four years. They have two grown sons, Jordan and Steven.
Non-Member Price $209.00
Member Price $159.00