Defining Where and Why Internal Controls are Needed

Overview

At the end of this module, participants will be able to assess the potential benefits of employee ownership for their business clients, apply criteria to recommend the most suitable employee ownership form considering costs, timelines, and resources, utilize financial analysis techniques to evaluate debt capacity in employee-owned businesses, measure the impact of employee ownership on company performance, and effectively communicate the financial advantages of employee ownership to clients. This course is offered in partnership with Project Equity.

Highlights

• Control design basics
• Areas or segments of an enterprise to control
• Controls to reduce risk
• Controls to drive operations

Prerequisites

None.

Objectives

• Recall reasons to create controls such as to reduce errors, thwart fraud or enhance efficiency
• Distinguish between proactively and reactively created measures
• Identify control type segments such as administrative or operation-level measures

Preparation

None.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.