The Committee of Sponsoring Organization of the Treadway Commission (COSO) has issued a public release of an internal control framework originally developed in 1992. It is important for IMA members to find out how they can provide input to COSO for this release to ensure that a final framework, scheduled to be released late in 2012, will be practical for management accountants and organizations to drive business performance while protecting investors and other stakeholders.

Our guest speakers, Jeff Thomson, Sandy Richtermeyer, and Steve McNally will provide an overview of how the framework leverages the core elements of the time-tested 1992 framework while providing significant enhancements to enable effective and efficient use of the framework in strengthening internal controls throughout the organization. Highlights of major changes will be discussed during the webinar session.

Internal controls and risk management are critical core competencies for all management accountants and are extensively tested on the prestigious CMA exam. At the organizational level, the framework will help ensure a sustainable and effective process of internal controls over financial reporting, operations and compliance to strengthen organizational capabilities and protect investors.

Learning Objectives: Through participation in this webinar, you will be able to:

1. Describe the value of an internal control framework like COSO as a key business process in achieving the strategic goals of the organization
2. Compare COSO’s original framework, developed in 1992, to the current proposed guidance
3. Explain the applicability of the revised framework to organizations of varying legal structures and sizes
4. Incent all IMA members around the world to “step up” and comment on the COSO internal controls refresh exposure draft

Price: FREE
CPE Credit: 1
Field of Study: Management Advisory Services
Research Area of Practice: Finance Governance, Risk & Compliance
Program Level: Intermediate
Program Prerequisites: None
Advance Preparation: None
Instructional Method: Group-Internet

Institute of Management Accountants (IMA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org