Are You Sabotaging Your Internal Controls? The Theory, Science and Practice for Designing Effective Internal Controls

Date: Wednesday, April 10, 2024
Time: 01:00 PM ET / 12:00 PM CT / 11:00 AM MT / 10:00 AM PT [Prevailing Time]
Presenter: Beverly Ross, Vice President of Internal Audit, CFC
Moderator: Wayne Sine, CPA, Education Director, National Society of Accountants for Cooperatives
Learning Objectives:
This one-hour classroom-style session will cover:
• Recognize three habit loops that explain employee behavior and response to internal controls.
• Explore the four common behaviors that shape your influence as a leader.
• Take steps to educate yourself and your staff on effectively applying judgment when handling control exceptions.
• Delve into a real-life fraud case and analyze what went wrong and what you would have done to prevent fraud.
Field of Study: Auditing
Program Level: Basic
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

Discover how you may inadvertently undermine your internal controls in this 60-minute Zoom. Beverly Ross, Vice President of Internal Audit at CFC, will examine the theory, science, and practical aspects of internal controls and how leadership styles and expectations support or sabotage the internal control process. Through interactive discussions, case studies, and practical exercises, participants will gain the knowledge and skills necessary to protect their internal control structure against self-sabotage. Participants will leave equipped with the knowledge and tools necessary to assess their personal expectations and practices, empower employees to uphold internal controls, and promote a culture of accountability and transparency within their cooperatives.

Presenter and Moderator Bios

Presenter: Beverly Ross, Vice President of Internal Audit, CFC

Beverly Ross is vice president of Internal Audit at CFC. She is responsible for the execution of the corporate internal audit plan and special projects in the pursuit of evaluating and monitoring critical business risk in addition to providing independent reporting to the Audit Committee and Board of Directors.

Prior to joining CFC, Ross spent 17 years working for a cybersecurity contractor serving various federal government agencies. She served in two key roles during her tenure, first as assistant controller followed by the director of quality and audit in 2008.
Ross is a Certified Internal Auditor, Certified Information Security Auditor and is an active member of the Institute of Internal Auditors. Ross graduated from Vanguard University in Costa Mesa, California, with a bachelor’s degree in business administration–accounting.

Moderator: Wayne Sine, CPA, Education Director, National Society of Accountants for Cooperatives

After retiring as Tax Director for Southern States Cooperative, Wayne Sine was asked to serve as Education Director for NSAC. He has been a long-time and active member of NSAC, having served as past President of the Atlantic Chapter and past Chair of the Tax Committee. In addition to his work with NSAC, Wayne has served on the Legal, Tax, and Accounting (LTA) Committee of the National Council of Farmer Cooperatives, Chaired the Tax Committees for both the Virginia Chamber of Commerce and the Virginia Manufacturers Association, served on the Tax Policy Committee of the Virginia Society of CPAs, and served as past Region Vice President for the Tax Executives Institute.

Cost
Free for NSAC Members / $56.00 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.