Internal Control over Financial Reporting

Internal Control over Financial Reporting This course supports compliance with the laws and regulations that are designed to ensure the reliability and accountability of financial information contained in the financial statements and reports through the implementation of an internal control program. Effective internal control is the first line of defense against waste, fraud, abuse, and mismanagement, and helps to ensure an entity’s mission is achieved in the most effective and efficient manner. Who Takes This Course Students will be those from the Office of the Chief Financial Officer and other supporting offices who participate in the assessment of ICOFR and are looking to better understand their role and responsibilities. Learning Objectives Understand and apply a structured and systematic approach to ICOFR Define and explain the relevant terminology, concepts, and requirements Identify the roles and responsibilities of the participants in the ICOFR process Explain relationships between the key programmatic and financial stakeholders Implement an ICOFR program Prepare a documented and supported Statement of Assurance on...
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