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COSO Updates

Expanding Visibility on the Entire Organization Business to Improve Efficiency and Effectiveness Control over Financial Reporting

8-9 Dec 2015
NBC TOWER | Chicago, IL, United States of America


Why You Should Attend

COSO Updates

The new framework is structured differently, with 17 principles and 77 points of focus.  While they are not all required in an evaluation of internal control, becoming conversant in the terminology will enable the user to communicate effectively that his/her organization has addressed or successfully complied with the new framework in setting a control framework, testing, or signaling compliance.

 

There is new emphasis on concepts such as objective-setting and technology.  These may help in the design phase to create a more intelligent process and one that addresses the specific needs of your organization, as opposed to having to run a pure “checklist” approach.

 

The new framework emphasizes governance concepts including the involvement of the Board in promoting effective internal control.  The will help the user issue the clarion call to empower the internal control team to harness Board involvement in the name of meeting COSO guidelines for internal control.

 

There is new emphasis on fraud and the origination of fraud in the failure to apply sensible concepts in basic internal control, as well as the failure to be suspect to adequate supervisory and reporting controls.   

 

There is recognition of the expanding nature of reporting since 1992 due to continuous auditing, dashboards, project and milestone reporting, etc. realizing that there isn’t just financial reporting in the modern organization.

 

Key Topics

  • Understand COSO framework and the variances between the 1992 and 2013 release
  • Understanding the Risk Assessment attribute ad approaches to implementing the underlying principles
  • Understanding the Monitoring component and approaches to implementing the principles
  • Examine the effectiveness of mapping processes
  • Determine the adequacy of your transition process

    • Previous Attendees Include

    Dairy Farmers of America, National Renewable Energy Resources, Tyr Energy, Unisource/Tucson Electric, WireCo Worldgroup, Corridor Infratrust Management/CorEnergy, Dubai Electric, Scottish Power, California Workmen’s Compensation Fund, Mize House, Westar Energy, Institute of Internal Auditors, National Fuels, MISTI Conference Group, MetricStream, Compliance On-line, Proformative.com, On-line Compliance Council, Edison TV


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    marcus evans specialises in the research and development of strategic events for senior business executives. From our international network of 63 offices, marcus evans produces over 1000 event days a year on strategic issues in corporate finance, telecommunications, technology, health, transportation, capital markets, human resources and business improvement.

    Above all, marcus evans provides clients with business information and knowledge which enables them to sustain a valuable competitive advantage and makes a positive contribution to their success.






    Practical Insights From

    Lynn Fountain
    Founder | Lynn A Fountain
    She 35 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She has held executive positions in two international companies and is a recognized leader in her field. Ms. Fountain is also a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in internal audit, Sarbanes-Oxley, enterprise risk management, fraud, governance, financial management and compliance.

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    Voice of Our Customers
    • Over the years, I have gotten to know Lynn and I like to describe her as a real professional, honest and inquisitive, always improving herself and her knowledge base, contributing to her chosen profession, being a good listener and then responding to what she has heard. She has good self-discipline and she follows up and follows through. All of us should hope we are as good at following up on things as Lynn is. -Protiviti
    • From the beginning it was clear to me that she was serious about her career and profession. It was also apparent that she was a good auditor and had very high principles, two pretty important attributes for someone who’s dabbled in both internal and external auditing, as well as being a consultant and trainer. What makes Lynn really unique are the life experiences she’s had. She’s had some trials and tribulations in life that have hardened her convictions and commitment to integrity. I believe these have helped shape her into the professional that she’s become; one who has pushed herself to continue growing in her career and who willingly shares her knowledge to help others.–Georgia Pacific LLC
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    Event Contact

    For all enquiries regarding speaking, sponsoring and attending this conference contact:

    Emily Jones

    marcusevans, The NBC Tower
    455 N. Cityfront Plaza Dr.
    Chicago, IL 60611

    Telephone:     312.540.3000 x6714
    Fax: 312.894.6304
    Email: emilyj@marcusevansch.com