Operationalizing COSO
Why take this course?
🎓 Course Title: Operationalizing COSO
Headline: Dive Deep into COSO's Attributes and Components for Effective Operationalization!
Course Description:
When the Committee of Sponsoring Organizations (COSO) updated their Internal Control Framework in 2013, they signaled a shift from purely financial controls to a comprehensive approach that encompasses the entire spectrum of business operations. The 17 principles of COSO are not just for mapping to Internal Control Over Financial Reporting (ICFR) anymore; they're essential for operationalizing governance and risk management across your organization.
Why This Course?
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Understanding Changes Since 1992: The business landscape has evolved dramatically since the original COSO Framework was introduced. Globalization, heightened expectations for governance, increased regulations, and the impact of high-profile corporate scandals have all necessitated a more robust approach to internal control.
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Focus on Non-Financial Controls: The 2013 COSO Framework emphasizes the importance of non-financial controls alongside financial ones. This course will guide you through these changes and what they mean for operational compliance.
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Challenges in Application: Applying COSO principles across operations and compliance is a complex task that many organizations struggle with. This course provides strategies to address these challenges effectively.
Course Outline:
🔹 COSO Framework Overview: Understand the core attributes and 17 components of the COSO framework, and how they've evolved since 1992.
🔹 Beyond Financial Reporting: Explore how COSO's principles apply to a wide range of business activities beyond financial reporting.
🔹 Operational Integration: Learn practical steps to integrate COSO's concepts into your organization's operations and compliance processes.
🔹 Case Studies and Examples: Examine real-world scenarios where organizations successfully applied the 2013 COSO framework to enhance operational controls and governance.
Background:
In this course, we will delve into the intricacies of the 2013 COSO Internal Control Framework, focusing on how to transition from a theoretical understanding to practical application within your organization's operations. We will address the challenges and benefits of operationalizing COSO, including its relevance for compliance issues far beyond ICFR.
Who Should Take This Course?
This course is designed for:
- Financial executives and auditors
- Internal and external auditors
- Compliance officers
- Risk management professionals
- Governance, risk, and compliance (GRC) practitioners
- Business leaders responsible for operational controls
Earn Continuing Education Credits:
If you're looking to earn Continuing Education Credit (CPE, CE, CPD, etc.) for this course, Moving COSO to Operationalization Stage, it's available when you take this course on the Illumeo dot com platform. As an approved-by-the-governing-body CPE platform, Illumeo provides CPE credit for over two dozen professional certifications in areas such as finance, accounting, treasury, internal audit, HR, and more. Remember to complete the course on Illumeo to receive your credits!
🔗 Learn More and Enroll Now at Illumeo dot com](https://www.illumeo.com)
Enhance Your Skills, Operationalize COSO with Confidence! Join us on this journey to ensure your organization's operations are aligned with the best practices in risk management and governance as outlined by COSO. 🌟
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