Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course provides an overview of Internal Controls over Financial Reporting (ICFR), an essential requirement for many public companies. Participants will explore key regulatory frameworks, including Canada’s NI52-109 and the U.S. Sarbanes-Oxley Act (SOX), gaining a solid foundation in the principles and practices of ICFR.
Topics Include:
- Regulatory Frameworks: Overview of SOX and NI52-109, highlighting their relevance for public companies in the US and Canada.
- ICFR Programs: Insight into a typical ICFR program, including a detailed examination of the COSO model.
- Finance's Role: Understanding the crucial role finance plays in ICFR.
- Types of Controls: Comprehensive discussion on manual, IT-dependent, and IT-automated controls.
- Assessment Techniques: Methods for evaluating both the design and operating effectiveness of internal controls.
- Risk-Based Programs: Exploration of risk-based ICFR programs and their application.
- Scenario Analysis: Practical scenarios for setting up a new ICFR program and managing or streamlining an existing one.
This interactive course features polling questions and case studies to deepen participants' knowledge and enhance their skills in implementing and managing ICFR.
Key Takeaways
By the end of this course, you will:
- Understand why internal controls are important.
- Understand the importance of Finance in ICFR.
- Have a baseline understanding of internal controls.
- Know how to establish ICFR programs.
- Know how to maintain ICFR programs.
Who Will Benefit
This course will be beneficial to the following groups:
- CFOs (that are responsible for SOX/NI52-109 programs)
- Director of Finance
- Finance Managers and below (who are typically control/process owners)
- Chief Audit Executives
- Internal Auditors (various levels)
- Non-Finance individuals that are control owners in the ICFR program (i.e. Supply Chain, HR, Payroll personnel)
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Stephen Choi is the Principal Risk Advisor at OMNIA Advisors. He has over 16 years of Internal Controls/Risk Management experience and has held senior positions at EY, Pernod Ricard, McDonald’s. Stephen founded OMNIA Advisors with a focus on delivering high quality and tailored internal controls and risk management solutions to clients. Stephen Choi is a Chartered Professional Accountant (Ontario) and a Certified Fraud Examiner (CFE).