Internal Control Best Practices for Small and Medium-Sized Entities
This course provides practical guidance for those involved with internal control responsibilities (auditing, monitoring, implementing, etc.) in adapting the 2013 COSO Internal Control—Integrated Framework (the COSO framework) to small and medium-sized entities. Internal control concepts are applicable to every entity, regardless of size. However, there is no one-size-fits-all set of rules that applies to all entities.
Oftentimes, the internal control “best practices” that have evolved over time are based upon large-entity environments, and these “best practices” are not necessarily relevant to small and medium-sized entities. This course will show you some best practices for designing, implementing, monitoring, evaluating and auditing cost-effective internal controls for small and medium-sized entities.