What is NSAC's Cooperative Learning Network?
A NSAC Cooperative Learning Network is a live, interactive 60-minute conference presented over the telephone and over the Internet. You can attend from any location that has telephone and Internet access. You pay just one registration fee for as many participants as you wish at each call/log-in location.

Note that high-speed Internet access is not mandatory – the system works with dial-up but you must have separate connections for the audio and video portions. You may use cell phones for the audio if you have only one connection.

Who presents at one of these sessions?
Your Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. Conferences typically include a Q&A session; you can ask questions by phone or instant messaging options.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) 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 through its website: www.learningmarket.org.

Delivery Method: Group-Live.

CLN Policies
Refunds for CLNs are not provided. Registrants if unable to participate will be provided credit for a future CLN or may opt to be sent a copy of the CLN PODCast following the event. Note PODCasts are not eligible for CPE credit.

For more information regarding refund, complaint and/or CLN cancellation policies, please contact our offices at (937) 222-6707 or info@nsacoop.org.

What does my registration include?
Your registration includes long-distance charges for the audio portion and log-in to the video presentation. All handouts and presentation files are downloadable and may be printed out or saved to the participant's computer once they are logged in to the session meeting room. Sessions include one CPE Certificate of Attendance. Certificates for additional participants are $10.00 each.

Why NSAC Cooperative Learning Networks?

No wasted time. Get right to the heart of the matter in a 60-minute session designed to easily fit into your busy schedule.

No airlines. No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk or conference room.

A telephone and computer are all the equipment you need. Just dial in and log-in to the system. That's it.

Ideal for multiple attendees.
Use a speakerphone and projector and invite as many people as you want to participate - at no extra cost to you.

NSAC Cooperative Learning Networks are a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.

Cooperative Learning Network

Internal Controls
Date: Wednesday, October 25, 2006
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Clay T. Worden, CPA
Objective: This session will look at these questions and others as we explore the various transaction cycles that tend to pose the most significant internal control risks to both small and large organizations.
Field of Study: Social Environment of Business
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group-Live

No advanced preparation or prerequisites are required for this course.

Course Description
Internal controls

Whose responsibilities are they? Do they just protect the Company? What about the employees of the Company? Does a system of checks and balances have to be complicated? This session will look at these questions and others as we explore the various transaction cycles that tend to pose the most significant internal control risks to both small and large organizations. The information covered in this session is intended to assist the participants in improving their internal control policies and procedures to minimize the likelihood of misappropriations or misstatements and maximize the likelihood of detection, if it occurs.

Presenter Bio(s)

Clay graduated from Flagler College with a Bachelor of Arts Degree in Accounting. He completed Florida's Certified Public Accountants' educational requirements at the University of South Florida.
Clay served as an Audit Manager in KPMG Peat Marwick's Orlando office. He joined KPMG in 1991. Prior to that, he was a Staff Accountant for Christopher, Smith and Gentile in Bradenton, Florida.

Clay's client engagements included numerous large agricultural operations, not-for-profits, manufacturing, real estate developers, construction companies, professional service firms, automotive dealerships and entertainment entities. He has also assisted various clients with SEC filings, acquisitions and bank financing.

Clay's primary focus has been providing assurance services to a variety of clients. He has assisted in the preparation of industry benchmarking studies and has developed an in-depth working knowledge of cooperatives, not-for-profits, and the manufacturing industry. Clay has used his understanding of these industries and his accounting background to provide value-added operational improvement opportunities to numerous clients. Clay's experience with middle market clients and his passion to assist clients in achieving profitable results provide the framework and insight needed to improve client's operating efficiencies.

Clay's professional and community affiliations include: Licensed Certified Public Accountant in the State of Florida; Member of the Florida Institute of Certified Public Accountants; and Treasurer for International Accounts Payable Professionals, Inc; Director for the National Society of Cooperative Accountants; UCF Small Business Development Advisory Board Council; Orlando Business Journal's Executive Advisory Board Exchange and is actively involved with the Golden Rule, Ronald McDonald House and other charitable organizations.

A PODCast of this workshop is now availble. Click here to order/view.

Additional Information

For more information regarding this series or administrative policies such as complaint and refund, please contact the NSAC National offices, 136 S. Keowee St., Dayton, OH 45402, 937-222-6707, email: info@nsacoop.org