Internal Controls: Strengthen Security, Efficiency, and Employee Conduct 25-26

Overview

Business leaders often view an internal control system as a security measure. However, a well-designed system can also drive entity objectives. Learn to design a robust and well-supported system, leveraging years of experience and key concepts from authoritative pronouncements and frameworks. Explore strategies to address new business challenges, including evolving markets, rapid changes in business, and increasing governmental and industry-based regulation. This course is for anyone working with internal controls.

Highlights

An overview of control frameworks and concepts
Strategy considerations that can be incorporated into control development
Understanding and controlling risk that arises when organizations change or choose not to

Prerequisites

A basic understanding of internal control concepts.

Designed For

Accounting and business professionals working with Internal Controls.

Objectives

Identify important components/sub-components of a control system
Recall important concepts such as
Risk Appetite
,
Framing Risk
, and
Risk Tolerance
Recognize how the control environment can help or hinder the operation of control measures in use at an entity
Identify important steps that an organization can undertake, specifically related to control development that can drive the direction of the entity

Preparation

None

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Karl Egnatoff, The Garvs LLC

Leader Bios

Karl Egnatoff, The Garvs LLC

Karl Egnatoff is a Certified Public Accountant (CPA) currently living in Myrtle Beach, South Carolina. He has worked as an information technology services provider, a trainer and a programmer related to financial and business technology projects since 1995. Prior to this, Karl worked in public accounting as well as in private sector accounting for a period of approximately six years. He has been teaching group live and web-based continuing education since 2006. In addition to being a CPA, he is also a Certified Information Technology Professional (CITP). Karl 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). During the course of his career, Mr. Egnatoff has owned and operated a number of successful businesses. 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 live in Myrtle Beach, South Carolina and have been married since 1990. They have two grown sons, Jordan and Steven.

Return to Top