2024 MSCPA Annual Convention: Details

Operations Level Internal Control 2024

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Monday, September 30, 2024 @ 12:00pm 3:30pm
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Description

Many leaders in business organizations of all sizes view the system of Internal Control almost purely as a protective security measure. However, a well-designed internal controls system can drive all entity objectives, including successful operations. This course uses information from years of creating internal control systems and concepts from well-respected authoritative pronouncements and frameworks to illustrate the power of a solid and well-supported control system and actions that can help establish such a system. Those who work with internal controls tasked with developing ways to improve operation-level capabilities should strongly consider this session.

Prerequisites

None

Highlights

• An overview of controls that drive procedures • Considerations for Procedural Control Development • Understanding and controlling risk that arises when organizations change

Objectives

• Recall important components and sub-components of an Internal Control System • Recognize how the control environment can help or hinder the operation of control measures and help or hinder operational effectiveness • Identify important steps that an organization can undertake, specifically related to control development that can drive the methodologies of the entity

Preparation

None

Credits

Category Amount
Accounting&Auditing 4.00