COSO Basics: Understanding Internal Controls

Internal controls of any entity are based on a framework issued by the Committee of Sponsoring Organizations (COSO). For not-for-profits that may receive grant funding or are accountable for donations, effective internal controls are vital to an organization’s success. The COSO Internal Control – Integrated Framework 2013 can be applied to any organization of any size. As a result of this lively half-day seminar on the basics of the COSO Framework, you will gain an understanding of how to have more effective internal controls for your organization. A basic understanding of your policies and procedures will be needed to help you apply the framework. Participants can apply for 4 CPE credits.

As a result of this training, participants will:

• Gain a basic understanding of COSO including internal controls and Integrated Framework 2013 and why it is so important to not-for-profit operations.
• Learn how the COSO is fundamental to internal controls for every organization and at every level in every organization.
• Learn how best to incorporate COSO into the organization's policies and procedures.
• Be able to interact with peers to share best practices in an open environment.

Presenter: Eric Berman, MSA, CPA, CGMA – Consulting Partner with the Massachusetts Society of Certified Public Accountants. Eric brings more than 25 years of public accounting experience, and is unique in the fact he not only possesses nationally recognized audit experience, but also preparer, educator and authorship experience.