10 CPE It's been more than 20 years since the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its Internal Control—Integrated Framework (the original framework). The original framework is widely accepted as a leading framework for designing, implementing, and conducting internal control and assessing the effectiveness of internal control. Since then, technology has drastically changed the business operating environment and the associated risks. In May 2013, the COSO foundation released an update to the framework.
The framework was updated due to global economic changes, enhanced information technology and increased shareholder expectations. Professionals must obtain a basic understanding of the concepts, principles and potential impact, including changes from the 1992 framework and the key COSO components and 17 principles. This course provides a comprehensive overview of the important concepts of COSO 2013, including framework requirements and implementation, control environment compliance, risk assessment, and complying with information, communication, and monitoring components. You learn about the important changes in the COSO framework and explore opportunities for management to place a renewed focus on internal control and enhance and solidify their Sarbanes-Oxley attestation.
“Citations of information on the COSO framework, principles and points of focus mentioned through this course are directly worded from the COSO literature and relayed here with the permission of COSO.org as a training mechanism related to their framework. The full document of the Framework can be found at COSO.org”.
Last updated/reviewed: March 28, 2024
Included In Certifications
This course is included in the following Certification Programs:
15 CoursesManagement Oversight, Analysis and Internal Controls Certification
- Management Internal Control Essentials
- Comprehensive Examination of COSO 2013: Components and Principles
- Keys to an Effective Code of Conduct
- Fraud Risk Assessments
- Enterprise Risk Management 101
- Identifying and Implementing the Proper Balance of Internal Controls
- Information Technology (IT) Controls in Emerging Business Environments
- Analyzing Financial Ratios - Solvency, Liquidity and Debt
- Analyzing Financial Ratios - Leverage
- Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
- Keys to Understanding Conflicts of Interest
- Documentation Methods For Internal Control Processes
- Segregation of Duties for Core Business Processes
- Professional Skepticism - Keys to Maintaining
- Whistleblower Hotlines - Effective Management
85 Reviews (347 ratings)
Reviews
Katie Broderick
(Payroll Manager at O.C. Tanner)
This was a great comprehensive view of COSO. The teacher did a great job explaining why the principles and components of the framework are critical to companies today and also provided background of items that had changed between the original 1992 framework and the "new" 2013 standards. There was a lot of information covered in this class, but it was presented well and organized into sections which was helpful in the learning process.
Anonymous
(N/A)
This is quite a bit of information and time. I think one should/could earn more than 10 credits for the time and effort. Very comprehensive outline of COSO and updated framework, and the review and final exams were ensured that one did read and understood the framework, principles and point of focus activities. Awesome.
Yosef Teffera
( at MLS)
This was a great course to review all aspects of internal controls. Specifically the utilization of COSO in the modern workday and how the components and their corresponding principles and points of focus can extend the operations of business and beyond internal controls over financial reporting.
Natalia Lippold
(Certified Payroll Professional at Trivantus, Inc.)
Although I am not involved in audit activities in my current job, this course helped me to understand the control environment and control activities as the relate to my job. Ms. Fountain gave excellent examples that helped to clarify the concepts being discussed. Thank you.
Anna Poselenova
( at Junior's)
This is a comprehensive course on COSO concepts and principles. It was a lot of information to digest but instructor broke it down in blocks and made easier to understand. My favorite part is the summary section at the end of each block, very helpful.
Patricia Fisher
(CPA at Trish Fisher, CPA)
A hard course. So much information to digest. Maybe because it was my first serious exposure to this information, it was hard for me to answer many of the multiple choice questions because two possible answers seemed do close to being right.
Anonymous
(Manager QRM)
I found it helpful .
Anonymous
(Risk manager)
the course is very difficult， and it took me more than 7 hours to understand what was taught in the course. But after all I successfully passed the exam, which gave me a relief！Thanks for Ms.Lynn' great work!
Anonymous
(Supervisory Program Specialist)
Excellent course - This was a good refresher for me as an audit supervisor. I actually learned some new things specifically about the points of focus. I also learned more about the history and changes of COSO.
Anonymous
(Senior Auditor)
A very detailed and insightful course on the COSO Framework. The instructor makes the long course exciting and manageable. Anyone that deals with internal controls should take this course, which is everyone!
Anonymous
(Director, Audit)
The course provided the critial information required to gain an understanding of COSO 2013 as opposed to the 1992 version. However, it was a lot of information to cover and retain in the planned period.
Anonymous
(Payroll Supervisor)
The information was good but I think they piece were broken down too much. Have 2 min and even less classes made it very cumbersome and stopped the flow of the class. But the data was great.
Douglas Pereira
(LAD Finance Director at Oracle + NetSuite)
this course was very good to help understand how to apply internal controls over operations and financial reporting. It was very good to understand the 17 principles and the points of focus.
Alan Christopher
(Director of Internal Audit at DuPont Community Credit Union)
The course provided a lot of great information as to why COSO was updated in 2013 and how it was updated. It provided good advice on how to implement COSO guidelines in your organization.
Anonymous
()
Good discussion of the topic and of the changes made to the framework. The field of study is Gov't Auditing so that is also helpful for auditors needing hours that qualify for GAGAS.
Anonymous
(Functional Analyst)
This course provides great detail on COSO Framework. It helps to have a knowledge of internal controls as it all comes together here. Good documentation and great instruction.
Lynda Fuentes
( at Intermatic Inc)
This was a good but difficult course. There is a lot of material and I don't know if it would be beneficial or possible to split it up. The instructor was enjoyable.
Mallory Brennan, CPA
(Tax Staff at EKS&H)
I enjoyed this course. I feel like everyone in our profession would benefit from this course. Very informative and an important part of a foundation for a business.
Anonymous
(SFA)
Another great course from Lynn! With a lot of real life examples it has the highest possible value. The course is a very good introduction to COSO and good refresher.
Katherine Hart
(None at Not Applicable)
Awesome! Very thorough but not overwhelming. It provided me the tools I need to communicate to the management at my company about how important COSO is.
The control environment training was really thorough and very applicable to my current position. Thank you for reviewing all of these key concepts.
Anonymous
()
It's a good course for both beginners of COSO and those who need a refresher. It can be more concise, but then we can all use the extra CPE credits.
Anonymous
(Finance Manager)
This course is a great course for anyone wanting to learn more about COSO. It was a great refresher and was laid out in an easy to follow format.
Matthew Warren
(Director of Financial Reporting at Newpark Resources, Inc.)
It was a good course, but wished the supplemental materials was in one slide deck (instead of several), and were as comprehensive as the videos.
Dowton Martin
(Accounting and Finance Consultant at DLC Inc)
Excellent course and material. The course was very detailed and increased my knowledge significantly. It would strongly recommend this course.
Anonymous
(Advisor)
The comprehensive examination of COSO 2013 provided a good refresher on why there was an update and what the differences are compared to 1992.
Veronica Liles
(Audit Director at Simmons Bank)
This course was a good overview of COSO 2013 and provides enough detail to help establish a COSO framework for your company. Very well done.
Doug Slaybaugh
( at The CPA Coach)
Great perspective on a difficult to get our arms around concept. Appreciate the update on the new COSO in easy to see and understand course.
MOSTAFA KHALEL
( at kpmg)
thank you for all this information and was a great topic and very important and we dealt almost every day in all level on the organizations
Anonymous
()
The comprehensive COSO 2013 seminar was outstanding. The objectives were more than met and the supporting materials are very instructive.
Anonymous
(Accountant)
Felt this course was a good basic understanding of Coso and how it should be implemented in operations and throughout an organization.
Anonymous
()
Very meaty and in-depth course. Lots of good material and questions to consider when establishing and reviewing controls. Thank you.
Sealtiel Alvarez Sanchez
(Shared Service Center Manager at Aliaxis)
Very comprenhensive review of the COSO model. I liked the author gave many real examples of how to apply COSO in an organization.
Anonymous
(HR Director)
I learned a lot about internal controls that I was not aware of. The principles outlined will be beneficial in my line of work.
Alex Ledin
(Financial Analyst at Lockheed Martin Co.)
A comprehensive overview, and worthwhile to anyone who needs to be concerned about internal control - that's not just auditors!
Anonymous
(Consultant)
Very through look at COSO and its application by management, auditors, and organizations as it relates to internal control.
Anonymous
()
This course was a great refresher on the new COSO Framework, the 5 components and 17 principles. Great content and materials.
Adam Beard
( at WCF Mutual Insurance Company)
Very comprehensive look into COSO and internal controls. This was a helpful reminder of the importance of internal controls.
This instructor is excellent! I really felt like I gained a lot of knowledge with this course without being overwhelmed!
Michael Johansen
(Senior Accountant at Woodard & Curran)
The course was very comprehensive and covered a wide variety of topics related to COSO. It was a good refresher course.
Nichole Karr
(Director - Audits at BMM Testlabs)
I thought the information was organzied in a great way and easy to follow and understand and effectively take the exam.
Jingyi Tang
(Internal Audit at VIATRIS)
Understanding COSO and the related principles, as well as POF is a great help to my profession as an internal auditor.
Sam Grosoff
(Associate at RSM)
I really enjoyed revisiting the COSO principles and look forward to utilizing them in my day to day responsibilities.
Anonymous
()
Great refresher on the COSO framework and the organizational impact of implementing its principles/points of focus.
Erika Alpiste
( at ADP)
Very informative class of risks and management considerations. I highly recommend for anyone needing a refresher.
Anonymous
(Payroll Analyst)
Great instructor. She is very knowledgeable. I have taken most of classes and really enjoy her teachings style.
Anonymous
()
The class was very informative and provided a lot of insight. I will use what I learned in my current job.
Anonymous
(Controller)
Very interesting material. The facilitator is very knowledgeable and makes the material very interesting.
Anonymous
(Assurance Specialist)
Great COSO review. I liked the way the course was structured. The length of the material was adequate.
Brian Pinault
(Risk Advisory Associate at RSM)
This applies to the work I am doing now. I will use the new items I learned in my everyday projects.
Anonymous
(Payroll Consultant)
This COSO course was very informative - I learned so much that I did not know. I recommend to anyone
Anonymous
(Compliance Officer)
This was a great overview of COSO 2013 including how to move COSO to the operationalization stage.
Anonymous
(Financial Behavior and Leadership Consul..)
An excellent class and reinforced my belief that internal controls are not just to pass an audit!!!
David Favret
(Director of Business Development at Deltha Corporation)
Excellent recap of COSO 2013 and the changes since the 1992 framework came out.
Anonymous
(Finance Director)
Very thorough and easy to understand course and instructor. The use of examples was very helpful.
Anonymous
(Senior Payroll Specialist)
A lot of information to digest, but presented in a way to make it applicable and understandable.
Amanda Hamner
( at ADP)
I thought the course was very done well. Thank you for the information. Keep on , keeping on.
KIM MILLER
( at Miller's Mowing & More)
This webinar was very educational. Thank you for extending this opportunity to me. Thanks.
Anonymous
()
The course was presented in a progressive and logical manner, making the test easy to pass.
Natalie Schima
(Director of Policy and Fraud Risk at Silvergate)
This was too much information at once. The test should have been broken out by session.
Anonymous
(Senior Associate)
Super thorough course material combined with real life experience. Highly recommend.
Anonymous
(Chair)
Very comprehensive course which identifies the key changes to the COSO framework.
Anonymous
(Payroll Manager)
Slides were very helpful in following this course. Will keep them for future use.
Anonymous
(Auditor)
Very detailed and comprehensive. I enjoyed it and recommend it to every Auditor.
Anonymous
(Director of Accounting)
Very detailed course on the COSO framework and its importance to organizations.
Anonymous
(Payroll Tech Lead)
Course is extremely useful in the details it provides for compliance purposes.
Dominick Pariano
(Internal Audit Manager at *)
Great course, good overview of new material and refresher on older material.
Erika Iben
( at Cast and Crew Payroll)
Wonderful overview of COSO including all relevant changes in the 2013 version
Sophia Kasozi
(- at City of Edmonton)
Excellent review on COSO 2013 and its relevance in today's IT driven world.
Anonymous
(Supervisor)
Good course... covers all elements very well in enough detail to understand
Anonymous
()
Lots of good information in this presentation. Very thorough and detailed.
Anonymous
(VP of Payoll)
Very detailed course, but well done. Great presentation and information.
Anonymous
(IT Advisory Snr. Associate)
A highly comprehensive COSO review. The trainer was awesome throughout.
Bill Clark
(Accounting Manager at Forest City)
Very good detailed summary of all aspects of the new COSO framework.
Anonymous
(Senior Accountant)
Good overview of the new Coso environment that we should consider.
Kendra Willson
( at SSA PC)
Course met all stated objectives and instructor was very detailed.
Anonymous
(Sole Practitioner)
works well for my continuing cpe requirements for me cpa and cia
Anonymous
(Consultant - Process Specialist)
The topic was a bit overwhelming, but it is very comprehensive.
Anonymous
()
great course and passed on 1st try will recommend give it a try
Anonymous
(None)
Clear information about the main ideas addressed in COSO 2013.
Muhammad Baig
(Managing Director at N/A)
An appropriate recap of fundamental concepts about the topic.
Anonymous
()
Covered the subject extensively and in an interesting manner.
Lisa Langdon
( at Kasasa, Ltd.)
Great PDF Handouts to use to reflect back on the course.
Francis Enyame
(- at student)
Very informative and detailed. Highly recommended.
Anonymous
(Internal Auditor)
Great material
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Lynn FountainCPA, CGMA, CRMA, MBA, cPIA, Consultant, Author, Trainer
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