Why This Course?
The COSO Internal Control–Integrated Framework has gained worldwide acceptance and is used around the world by many Assurance functions to complement the RBA methodology. In the 20 years since its introduction, business and operating environments have changed drastically (i.e., more technologically driven, more globalized, more complex and voluminous transactions etc), leading to the update published in 2013.
This course examines how a principles-based approach can be used to design, implement, maintain, and evaluate a system of internal controls. Participants will have an opportunity to discuss the implications that the updated Framework presents to internal audit activities [Planning – Fieldwork – Reporting] and to devise suitable technique and approach based on COSO to bring greater values to their clients.
Curriculum
- Back to Basic: Revisit COSO including 2013 Updates
- Sharpening Assurance’s Focus and Improving Governance Goals through COSO Adoption
- Integrating COSO with RBA Methodology
- Points of Focus: Application via Entity Level Assessment and Process-Specific Assessment
- The ‘COSO Game Plan’ for Assurance
- Applying the COSO Internal Control Integrated Framework in Planning: Risk Assessment, Control Design Testing and Annual Audit Plan Formulation
- Applying the COSO Internal Control Integrated Framework in Fieldwork: Developing Testing Programs and Sampling Technique, Evaluating Controls at Process/ Activity Level using COSO
- Applying the COSO Internal Control Integrated Framework in Reporting: Formulating Audit Issues and Findings Based on COSO Principles
Learning Outcomes
Modes of Learning
In Person
In-person training
- Face-to-face Learning : including case studies and Q&A session
- Reading Materials
- Training Toolkit for each participant
- Course Completion Certificate
*There will be short breaks and lunch allocated at appropriate intervals
Webinar
Approx. duration: 13 hours
- Live Webinar Session : including case studies and Q&A session
- Reading Materials : pre-course
- Course Completion Certification
*There will be short breaks and lunch allocated at appropriate intervals
Discover the professional background and core strengths behind our training approach.
