The SEC ruled that the criteria on which management’s evaluation of internal controls is based must be derived from a suitable, recognized control framework. The SEC points out in the final rule that the COSO Internal Control – Integrated Framework satisfies this requirement.
Program Registration:
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Learning Objectives:
Upon completion of this course, the learner will be able to:
- Describe the origin of COSO
- Identify the 3 objectives and 5 components of the Internal Control – Integrated Framework
- Describe how the COSO framework is applied at the entity level in a Section 404 assessment
- Describe how the COSO framework is applied at the activity or process level in a Section 404 assessment
Estimated Course Duration: 1 hour (1 CPE)
Delivery Method: Online Self-Study
Field of Study: Accounting
Program Level: Intermediate
Advance Preparation/Prerequisites: None
Program Content:
What is COSO?
What is the Internal Control – Integrated Framework
- Objectives
- Entity-level and activity-level focus
- Five components
How is the COSO framework applied at the entity level in a Section 404 assessment?
- Company-level controls
- COSO attributes for each component
- COSO recommendations
How is the COSO framework applied at the activity or process level in a Section 404 assessment?
- Control activities
- Monitoring
- Risk assessment
- Control environment
- Information/ Communication
Frequently Asked Questions regarding COSO
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In order to earn CPE credit, you must complete the training module within one year of enrollment and score 70% or above on the Final Exam.
Complaint Resolution Policy/Refund Policy:
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Protiviti is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.