Course description
Understanding Complex Internal Control Issues
Gain a deeper understanding of tax internal controls and the existing external environmental factors impacting them.
Tax departments are faced with an ever changing landscape of technical issues to deal with and are often left with an inadequate amount of time or an appropriate process to identify areas of increasing tax internal control risk. Before you can begin to understand and address these areas of risk it is important to have a deeper understanding of the internal and external environment which is creating risk and complexity while at the same time being armed with the ability to identify and remediate any gaps with your current environment.
This material will arm you with a deeper understanding of tax internal controls and the existing external environmental factors impacting them. Additionally you will be able to leverage some of the learning’s and tools provided which will allow you to better manage and address this complex area of internal controls risk from a tax perspective.
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Upcoming start dates
Who should attend?
This live webinar is designed for
- accountants
- auditors
- tax managers
- CFOs
- controllers
- business owners and managers
- presidents and vice presidents
- CEOs
- risk managers
- bookkeepers
- compliance officers and consultants.
Training content
Internal Control Systems - What Are They?
- Why Have Internal Controls?
- Objectives
- Background
- Components
Internal Control Concepts and Objectives
- Control Activities Within an Internal Control System
- Preventive, Detective and Corrective Controls
- Cost-Benefit Analysis for Developing Controls
COSO Framework
- COSO Cube - 5 Integrated Components
- COSO Cube - 17 Principles
Practical Perspective
- Implications to Your Current Processes
- Identifying Key Controls
- Summary of Key Points
Certification / Credits
Learning Objectives
- You will be able to define tax internal controls.
- You will be able to describe in detail what are the elements qualities of a strong tax internal control environment and process.
- You will be able to identify potential tax internal control risk areas within your environment.
- You will be able to review and assess your current process on a regular basis.
Contact this provider
Lorman Education Services - Live and On-Demand Courses
Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...