COSO 2013 Monitoring | Finance Online Course by Udemy

Finance & Accounting Online Course by Udemy, On Sale Here

This course focuses on the principles and points that support the Monitoring component of COSO.

An excellent training about Finance

COSO 2013 Monitoring

The fifth and final component of COSO 2013, this course focuses on the two separate principles and related points that support the Monitoring component. COSO 2013 maintained the same five components previously identified within the 1992 framework. These include: Control EnvironmentRisk AssessmentControl ActivitiesInformation & CommunicationMonitoringMonitoring represents ongoing or separate evaluations-or some combination of the two-used to ascertain whether each of the five key COSO components of internal control are present and functioning. Simply put, monitoring refers to your organizations ability to observe the effectiveness of the daily operation of controls, individually and in cooperation with other controls. Management as well as external auditors must understand each of these principles and be able to validate that they exist, are appropriately designed and functioning. In addition, the components must effectively work in combination to provide for a positive attestation to internal controls. This course covers: Principles supporting the Monitoring componentArticulation of points of focus supporting the monitoring componentUnderstanding how to utilize the POF most efficiently in your transition processDifferentiation between principles and executionHow Monitoring supports other COSO componentsIf you would like Continuing Education Credit (e.g. CPE, CE, CPD, etc.) for this course, it is available if you take this course on the Illumeo dot com platform under course title: COSO 2013 Requirements for Complying with the Monitoring Component of COSO. Illumeo is certified to provide CPE in over two dozen different professional certifications covering finance, accounting, treasury, internal audit, HR, and more. However, in order to receive CPE credit the courses must be taken on an approved-by-the-governing-body CPE platform, and for over two dozen corporate professional certifications, that is the Illumeo platform. Go to Illumeo dot com to learn more.

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