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Tuesday, March 26, 2019 Roseland

Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors (E1903053)

8:30 AM - 4:30 PM EST

Registration: 8:00 AM EST

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland, NJ 07068

8.0 CPE Credits in AA

OVERVIEW

Many managers, supervisors, and accountants in business, government or nonprofits are not able to identify their departmental policies and procedures that function as the primary controls against errors and fraud. Alternately, auditors performing field work may be confused about how to interpret and evaluate management’s documentation of accounting processes and controls. Neither party may truly understand how their duties differ. After an overview of the COSO guidance on the components and principles of internal control, this seminar introduces basic tools used to document processes and controls. Discuss and identify the risks of errors and fraud and consideration the presence (or absence) of related controls.

DESIGNED FOR

Practitioners responsible for or involved in financial statement audits.

BENEFITS

  • Recall factors that an auditor should consider when obtaining an understanding of the entity and its environment, including internal control
  • Identify keys to success in designing a control environment with strong internal controls
  • Recall internal control objectives, components, and principles
  • Identify tools that can assist in the documentation of internal control
  • Identify ways to obtain efficiencies and effectiveness in internal control in various types of smaller entities

HIGHLIGHTS

  • Components and principles of internal control
  • Concepts associated with the COSO framework
  • Management responsibilities vs. auditor responsibilities
  • Common significant accounting processes
  • Tools and techniques used for internal control documentation

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • *AICPA members deduct an additional $30 from applicable price.

Course materials are distributed electronically. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Renee Rampulla

Renee Rampulla, CPA, CGMA

Renee Rampulla, CPA, CGMA Staten Island, NY

Renee Rampulla, CPA, CGMA, has over twenty years of professional experience. She consults, writes, and lectures on technical accounting and auditing issues. Renee has extensive experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors, to financial services. Previously she was a partner in a regional accounting firm in the northeast in charge of the firm’s accounting and auditing practice and their quality control group.

Renee is the founder of Rampulla Advisory Services, LLC. Her clients include nationally recognized professional organizations, accounting firms, companies, publishers and others. By devoting several years of her career at both regional and Big Four accounting firms Renee accumulated a wealth of technical and practical knowledge. In addition, while working for the American Institute of Certified Public Accountants (AICPA), she performed professional ethics investigations; worked closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications.

For several years, Renee has been an adjunct lecturer at a university in New York City. She has taught numerous undergraduate accounting and auditing courses. Renee holds a BBA in Public Accounting from Bernard M. Baruch College. She is a member of the AICPA, the New York State Society of Certified Public Accountants (NYSSCPA), the New Jersey State Society of Certified Public Accountants (NJSCPA), the Institute of Management Accountants, the American Woman’s Society of Certified Public Accountants, the Association of Certified Fraud Examiners, and the National Conference of Certified Public Accountants Practitioners.

Renee has recently been nominated to the NYSSCPA board; Serves as chair of the NYSSCPA’s Professional Ethics Committee; the 2014- 2015 Chair of the NYSSCPA’s Nominating Committee, past Vice President of the NYSSCPA’s Staten Island Chapter, and a member of the NYSSCPA’s Financial Accounting Standards Committee. She is the past chair of the NJSCPA’s Accounting and Auditing Standards Interest Group and a member of the NJSCPA’s audit committee. She has also served as co-chair of the NJSCPA FASB and International Accounting Standards.

PRICING

$379.00 - Non Member

$279.00 - Member

AICPA members receive a discount of $30 for this event.

Event Cancelled

This event has been cancelled.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

American Institute of CPAs