This course corresponds to our Controllership series.
Within this course, we specifically address the Controllers role and pro-active potentials in organization Strategic and Annual Planning. This series of courses is dedicated to exploring the traditional controller role and stepping out of the box to identify areas where the Controller can add strategic value to their organizations. Controllers are essential to the day-to-day accounting for organizations. Yet, the role is not often readily understood. In today’s world of acronyms such as CFO, CEO, COO, CAO, etc. the Controller function may get lost in the shuffle. However, they are a critical group of professionals who ensure the adequacy and transparency of accounting and financial reporting information. When it comes to the task of strategic planning, many feel this role is primarily the responsibility of the executive team and board. However, in this course, we delve into the various steps of the strategic plan and explore where the Controller can add strategic value through providing functional input and insight.
Strategic planning is a process used to identify goals, the strategies necessary to accomplish those goals, and the internal performance management system that will be used to monitor and evaluate progress.
DESIGNED FOR
Anyone who performs audit or other attest services
BENEFITS
- Describe the potential impact of risks faced by public accountants when performing audit and other attest services
- Explain the results of the findings and recommendations made by the Center for Audit Quality and PCAOB as an outcome from quality control reviews
- Recall common peer review deficiencies in all types of attest engagements
- Apply best practices for ensuring professional, technical, regulatory and ethical standards for various audit and other attest services
HIGHLIGHTS
- Applying professional skepticism to ensure quality work
- Meaningful risk assessment when designing work programs for various levels of services
- Proper planning and supervision of all engagements
- Accountant responsibilities for evaluating internal control
- Strengthening analytic procedures to support conclusions
- Complying with the Code of Professional Conduct and quality management standards
PREREQUISITES
None
ADVANCE PREPARATION
None