Internal Controls - Defined & Their Value

Date: Thursday, December 12, 2013
Time: 03:00 PM ET / 02:00 PM CT / 01:00 PM MT / 12:00 PM PT [Prevailing Time]
Presenters: Brent Warner, manager, CliftonLarsonAllen, Sue Ulrey, National Partner for Specialty Advisory Services, CliftonLarsonAllen
Moderator:
Learning Objectives:
To what explain what internal controls should be in place in your organization.
Field of Study: Auditing
Program Level: Intermediate
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
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Course Description

This one hour presentation will define what an internal control is, who is responsible for implementing and performing internal controls, who is responsible for testing internal controls and reporting the results of those tests. This session will review what internal controls in the area of financial reporting, cash, accounts receivable, fixed assets, inventory, accounts payable, and debt, among other areas of your organization, you should have in place and how you can evaluate whether those controls exist and are operating effectively. The role of an internal audit function will also be discussed and how they can help an organization identify risks to its objectives and provide assurance and feedback on the effectiveness of the internal control environment.

Presenter and Moderator Bios

Presenter: Brent Warner, manager, CliftonLarsonAllen

Sue Ulrey, FCA, CIA, CPCU, CRMA, CRISC, MBA is CliftonLarsonAllen’s National Partner for Specialty Advisory Services, including Internal Audit, ERM, Quality Assurance Reviews, and IT Risk Assessments. She is a highly respected risk management professional with over 20 years of consultant and practitioner experience. Her combination of internal audit, due diligence, ERM, SOX, organizational and process improvement knowledge and Sue’s previous experience as a CAE for a Fortune 100 Healthcare organization enables her to bring real life examples to the sessions, with practical guidance to inculcate into your organizational function. Brent Warner, CPA, CIA, CRMA, CGMA is a manager in CliftonLarsonAllen’s (CLA) Specialized Advisory Services practice. He has 13 years of internal audit experience, including internal audit co-sourcing and out-sourcing, Sarbanes-Oxley implementation and testing, risk assessments, internal controls reviews, process reviews, and quality assessment reviews for clients in industries such as financial institutions, health care, not-for-profit and government. Prior to joining CliftonLarsonAllen, Brent was a financial consultant manager for a Fortune 50 organization, assisting with the implementation of AS5 and was responsible for Sarbanes-Oxley and SSAE 16 controls documentation and testing, risk assessments, finance process reviews and finance policy compliance testing. Brent also spent 8 years in internal audit for a $6B bank holding company, performing operational, financial, regulatory compliance and Sarbanes-Oxley audits.

Presenter: Sue Ulrey, National Partner for Specialty Advisory Services, CliftonLarsonAllen

Cost
$56.00 for NSAC Members / $70.00 for Non-Members

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.

What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat. No advance preparation or prerequisites are required, unless otherwise stated in the course information. Attendees are able to download copies of the slides and/or handouts and are provided a link to view the recording (unless the description states the session will not be recorded). These tools help continue your learning experience after the session.

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 (#103068) 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.nasbaregistry.org.

Delivery Method: Group-Internet Based.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

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

Easy.
A device with an Internet connection is all you need. If your device does not have sound capabilities, the ability to dial in from a telephone is available.

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

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.