Index to Classes

Audit Planning: A Practical Approach to Integrating the Standards

How to Perform an Executive Level Review of Accounting and Auditing Engagements

Internal Control and the COSO Report: What Every Organization Needs to Know

Financial Statement Disclosure Issues

Advanced Training for Reviewers: Current Issues in Practice Monitoring

Developing New Assurance Services in a CPA Firm

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Other Information:
  Duane Reyhl Home Page
  Detailed Author Biography
  Summary Biography
  E-mail: dreyhl@reyhl.com

 

Updated June 2003

   Duane Reyhl > Authored Classes > Internal Control and the COSO Report

Internal Control and the COSO Report:
What Every Organization Needs to Know


Category: Audit Level: Overview CPE Credit: 1-2 hours

You Should Attend If You:
  • Want to increase organizational efficiency and effectiveness.
  • Are an organizational manager, internal auditor or an external CPA
  • Want ideas for furthering organizational goals

Course Summary:
This course revisits the basic concepts of the COSO report, which established a common framework for an organization's internal control over the areas of operations, financial reporting and compliance with laws and regulation. A system of internal control help organizations
  • Meet profitability goals
  • Achieve their missions
  • Minimize surprises along the way

At the end of the session, you'll know what your clients and organizations need to know by understanding the answers to these questions:

  • What are the important concepts of internal control?
  • Why are these concepts important?
  • Who benefits from internal control?

Course Topics:
The course focuses on professional standards that apply directly to audit planning. The auditor's planning responsibilities rest primarily in these areas:
  • Short COSO history
  • Internal control needs and expectations
  • Control environment
  • Risk assessment
  • Control activities
  • Information and communication
  • Monitoring

Author:
Duane Reyhl, CPA is with the regional CPA firm of Andrews Hooper & Pavlik, member of the Michigan Association of CPAs  and is the former technical director of the Peer Review Program, California Society of CPAs. He works on the kind of audits he discusses in the course.

How to Get this Course:
To obtain this course or to arrange for a presentation to your organization, please contact: 
Duane Reyhl, CPA
116 Woodlawn Dr.
St. Charles, MI 48655
Phone: (989) 865-6520
E-mail: dreyhl@reyhl.com
 
Duane Reyhl, CPA
Andrews Hooper & Pavlik P.L.C.
5300 Gratiot
Saginaw, MI 48603
Phone: (989) 497-5300
E-mail: duane.reyhl@ahpplc.com