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Implementing and Maintaining an Internal Control System

Thursday, January 9
 9:00am - 5:00pm

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8.00 Credits

Member Price $239.00

Non-Member Price $364.00

Overview

Many organizations are successful as they create a system of internal controls, however some fail to properly implement the measures that are established. Moreover, entities regularly neglect the important process of testing, monitoring, and updating control procedures, which weakens the entire internal control structure. This session provides an overview of control creation methods and discusses ways to successfully implement policies and procedures. Additionally, it includes an array of control maintenance checklists that participants can take and adapt to their organization as they work to improve policies and procedures. Finally, it provides an understanding of the need for dynamic, fluid controls that adapt to changes in business tools and methods. Participants that take this course will have a strengthened ability to implement and maintain an internal control system. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Objectives

After attending this presentation, you will be able to...

  • Determine the steps needed to implement a developed system of internal controls
  • Apply steps to build control measure schedules that function weekly, monthly, quarterly, and yearly, and that are designed to test and monitor the internal control structure of an organization
  • Analyze developed control measures to make sure they are working properly
  • Determine why there is a need to update existing controls to keep them viable as business operations change
  • Identify methods that can be used to communicate policy and procedure changes to those that are affected by these changes

Highlights

The major topics covered in this course include:

  • Control creation and implementation basics
  • Implementation and update procedures for an Internal Control system
  • Maintaining existing internal controls

Designed For

Accounting and other business professionals that would like to have an understanding of internal control implementation and testing procedures.

Prerequisites

A basic understanding of Internal Control concepts

Preparation

None

Notice

You will receive an email from CPA Crossings via Webex with instructions to access the webinar.

Leader(s):

Leader Bios

Karl Egnatoff, Taymes LLC

Karl W. Egnatoff, CPA, CITP Member, Phoenix Beach, LLC Myrtle Beach, South Carolina Phone (304) 633-1577 karl@phoenixbeach.com Karl Egnatoff is a Certified Public Accountant (CPA) currently living in Myrtle Beach, South Carolina. During the past 21 years Mr. Egnatoff has worked as a consultant, trainer and as a software engineer while engaged on projects for business organization of all types. Prior to this, Karl worked in public accounting as well as in private sector accounting for a period of approximately six years. Before partnering with Pat Garverick to form Phoenix Beach, Karl presented and created material in association with K2 Enterprises for approximately seven years. In addition to being a CPA, he is also a Certified Information Technology Professional (CITP). During the course of his career, Mr. Egnatoff has owned and operated a number of successful businesses. All of these provided services to other organizations in the business community. The experience he garnered while serving these organizations helps him now as he writes and presents continuing professional education through Phoenix Beach. Mr. Egnatoff 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). 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 have been married for twenty-five years. They have two grown sons, Jordan and Steven.

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Non-Member Price $364.00

Member Price $239.00