2 CPE Sarbanes-Oxley made it very clear that internal control is the responsibility of management – not the internal or external auditors. This requires every single individual within the organization, regardless of their role, to understand the concepts of internal controls and how they vary from day-to-day tasks of their job function
COSO 2013 has turned the focus up on understanding internal control and embedding the proper processes into the organizations daily activities. COSO 2013 added key control aspects to mandate knowledge of business and regulatory changes as well as an increased focus on information technology and fraud. It is imperative that all professionals understand the roles and responsibilities incumbent upon them when it relates to internal control.
It is also imperative that management learn and accept their critical role as it relates to the management and monitoring of internal controls.
Areas Covered in the Webinar:
- Internal control focus
- Internal control definition and history
- Internal control advantages/disadvantages
- COSO overview
- COSO 1992
- COSO 2013
- Methods to educate management
- Setting the stage
- Key monitoring methods
Who Will Benefit:
- Accountants
- Finance Personnel
- CFO
- Controller
- Board Members
- Management
- Risk and Legal Professionals
- Internal Auditors
- Compliance Professionals
- Process Improvement Professionals
Note: Information within this course comes from readily available public domain documents and is utilized by the trainer as a supplement for relaying the course content.
Learning Objectives
- Explore The Internal Control Focus
- Explore the definition and history of Internal Control
- Recognize the advantages and disadvantages of Internal Control
- Explore an overview of COSO 1992 and COSO 2013
- Identify Methods to Educate Management.
- Recognize Key Monitoring Methods
Last updated/reviewed: March 16, 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
14 CoursesProfessional Bookkeeping Certification
- Bookkeeping: Terminology and Process Execution
- Bookkeeping: Debits And Credits
- Bookkeeping: Cash vs. Accrual
- Bookkeeping: Payroll And Expenses
- Bookkeeping: Legal Entity And Chart Of Accounts
- Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
- Bookkeeping: Responsibilities
- Bookkeeping: Fixed assets and inventory
- Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
- Management Internal Control Essentials
- GAAP Principles, Assumptions and Considerations
- GAAP Presentation of Financial Statements
- Bookkeeping Basics – Case Study Scenario
- Useful Bookkeeping Tools
15 CoursesNot-For-Profit and Small Business Entities Certification
- Introduction to Not-for-Profit Entities
- Introduction to Accounting for Not-For-Profit Entities
- Identifying and Implementing the Proper Balance of Internal Controls
- Segregation of Duties for Core Business Processes
- Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
- Bookkeeping: Payroll And Expenses
- Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
- Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
- Management Internal Control Essentials
- Financial Statement Essentials for Not-for-Profits
- Not-for-Profit Financial Statements Part 2
- Not for Profit Financials - Focus on Net Assets
- Cyber Risk in Small-Medium Entities
- Fraud in Small-Medium Entities
- Not-For-Profit Accountability and Responsibility
293 Reviews (1160 ratings)
Reviews
Jim Rodda
( at Rodda Solutions)
course is an introduction ot the coso principles and internal fontrol responsibilities.
Anonymous
()
Excellent CPE course with practical auditing insights!
Roy Perez
(Budget Analyst at H.U.D.)
The course on internal controls was incredibly effective and relevant to our needs. The instructor did an excellent job of breaking down complex concepts and presenting them in a clear and concise manner. We were able to learn practical strategies for implementing and maintaining effective internal controls within our organization. The real-world examples and case studies provided valuable insights into the importance of internal controls in safeguarding assets and preventing fraud.
Kelly Robertson
(Bookkeeper at Holy Rosary Bilingual Academy)
I found this course very informative and easy to follow. This course is appropriate for all levels of management. The instructor is interesting and makes the concepts easy to understand. This course really helped me to think about the ICs in my own organization. The course has a good balance between high-level concepts and real-world examples.
Anonymous
(Bookkeeper)
Very thorough review of origins of internal controls and applicable uses. While there is a tremendous amount of information, it is well summarized and most important topics are reviewed more than once via examples and specific reference. Found the history very interesting as fraud in the 1980's and 90's was very prominent in national news.
Anonymous
(Accounting Student)
The Management Internal Control Essentials course provides good information for any business regardless of the size. It covers definition, history, and importance of internal control. It also emphasizes that even though managers are expected to take ownership of internal control, every person in the organization has a part to play.
Anonymous
(CFO)
Good overall review of internal controls. I learned about some aspects of internal control that are likely missing in my own organization. Some of the points made give me pause around just how effective existing controls are. I like this instructor and seek out her courses. She is well informed and is an effective communicator.
Maged Medhat Shoukri
( at Banquet Misr)
Very comprehensive and imfo content
The instructor explained all topics in the course in easy and friendly manner
I highly recommend this course to everyone who seeks cybersecurity course or to fulfill isaca cpe for isca certifications.
Many thanks to illumeo
All your courses are excellent and comprehensive in all fields.
Anonymous
(CPA)
I learned from this course what internal control is about and the details about COSO 1992 and COSO 2013. Internal control is important for a business to operate effectively and efficiently, to issue reliable financial reports, to comply with the laws and regulations, and to safeguard the business assets.
Anonymous
(Vice President)
2 hours is too long for a class like this. The class can be shorter and more effective for the instructor be more concise and focus on the topic and examples with less words. Some real-life examples are very useful to understand but could have provide more examples related to some key concepts.
Gautham Dhayalan
(Cloud Architect at Hyundai Capital America)
Perfect course for understanding IC. Thorough presentation and explanation of concepts and flow of topics. Immaculate examples for all topics with detailed real life examples helps understand the concepts clearly. UPdate of principles correlates to latest century for applying the guidelines.
Anonymous
(Audit Manager)
This is a very important topic for business and needed to be understood heavily. This is great training! Easy to understand and follow. Everyone should be taking this training, not because it is required but is needed. Thank you for this presentation and material provided were great.
Lawrence Hirsch
(Controller at Builders design)
This is one of Lynn's more challenging courses as it takes a deeper dive into Internal controls than I have previously done. VERY insightful and provided an expanded understanding of 1992 VS 2013 COSO. Wow I learned a lot of new "stuff" on IC.
Thank you Lynn GREAT COURSE.
Larry
Anonymous
(director)
Good overview of SOX and Internal Control. The course is a bit long especially for people who don't need this for continuing education credit purpose. Nonetheless, I enjoyed learning this material as the company is going through SOX compliance as part of a global company.
Anonymous
(Treasury Director)
This was a great course that not only laid out the established framework we should all follow in the accounting departments of our respective companies, but also gave practical examples on how to follow them, along with a coat/benefit analysis of doing so at the end.
Anonymous
(CPA)
Good overview of internal controls. I still wish I could find a course on Illumeo that gives specific examples for small companies -- a best practices-type tutorial for small organizations that don't have the personnel and resources larger organizations have.
Alicia Watson
(Executive administrator at Ice sculpture inc.)
The instructor goes into detail on internal controls. Including the history of controls, how and why it was developed and how it should be implemented in today's changing world. This course is very informative, I would suggest it for anyone in business.
Anonymous
(Accountant)
This was a helpful course, however, I would note that this course does not go into detail about how to implement controls. It would have also been helpful if we had reviewed the 17 COSO principles that she mentioned. It is a good primer to IC, however.
Steve Lee
(Treasury Analyst at Hyundai Capital)
Stated learning objectives were met
Stated prerequisite requirements were appropriate and sufficient
Program materials were relevant and contributed to the achievement of the learning objectives
Time allotted to the learning activity was appropriate
Alex Kishkovich
(SFA at The City of Calgary)
I took a few individual courses designed by Lynn before enrolling in the Cert program. So there have not been any surprises to me and as expected the course was of the highest quality. it is great as an intro to the program or more advanced courses.
Anonymous
(Auditor)
This course explains the importance of internal controls and how they should be properly put in place in each company. It also provides an introduction to COSO 1992 and COSO 2013 and explains the differences that came with the release of COSO 2013.
Anonymous
(Associate Director)
The course provides a great overview of the broad internal controls, why they are important for management, an example mix of proper internal controls, and the regulatory reasons for why internal controls are necessary to the business enterprise.
Spencer Guerin
(Student Worker at Apple Guerin Company LLC)
The course was great. I liked how internal control is important in business. What surprised me was that internal control has been around for a very long time. I think people wanting to become part of a business would get the most from the course.
Anonymous
(Parish Manager)
Although I use these words regularly and passed an external audit recently, this course really helped me understand where we may have to implement more controls and where I need to help my boss understand said controls. Excellent!
Anonymous
(Unemployed)
I appreciate the class and understanding the concepts, I am not working in a corporate environment so some of this does not apply for me yet. IC is important no matter what, I understand how to implement it effectively now.
Seung Hyun Kim
(Manager at Hyundai Capital America)
Better to understand the control management. One thing that I want to suggest, it would be more efficient if the instructor could provide us more practical and business related samples rather than the overall knowledge.
Anonymous
(Corporate Controller)
As always, Lynn's presentations are top of the line. Here style makes it easy to stay engaged as she combines both support and personal experiences to make it applicable to things that happen on a day-to-day basis.
Vilma Delbrey
(Total Rewards Generalist Associate at Hyundai Capital America)
In my opinion this was very informative. I believe every employee would benefit from this course. Many may not realize that their daily duties/tasks can have an effect on controls in some way shape or form.
Anonymous
(Corporate Management Office)
Very clear understandings of internal audit essentials.
Slide is easy to understand and teacher speaks gently and clearly.
We can review the whole picture through this lesson, it is meaningful.
Thank you.
Kwan Park
(Director at Hyundai Capital America)
This course is helpful for understanding internal control and SOX program for all employees in our organization. Specially, types of control, advantages/disadvantages were excellent material that I learned.
Anonymous
(CFO)
Good discussion on the need for IC, the responsibilities of management and the updates to the COSO framework. Makes clear the importance of embedding IC into the organization - it's not just one department.
James Chuang
(Compliance Officer at Silverton Casino Hotel)
Good overview and history of internal controls and COSO. Explains the importance of management involvement and how internal controls can be effective or ineffective based on the actions of an organization.
Anonymous
(Consultant)
Nice refresher course on SOX as it relates to the internal control function. The distinctions between the 1992 and 2013 COSO framework are subtle in some cases and very profound in others. Great course.
Anonymous
(Controller)
this course if very thorough. It provides a great history of internal controls, explains the roles of IC in an organization and speaks to the roles of each person in an organization as it relates to IC.
Anonymous
()
Great introductory course on internal control essentials. The instructor provided great emphasis on how important it is for management to understand the role of internal control throughout the business.
Anonymous
(Manager)
The course was great! Having a background in auditing, this course reminded me of a lot of the information when I started my auditing career. I'm glad that all managers were allowed to take this course.
Anonymous
(Sr Accountant Lead)
I always enjoy Lynn's courses since she knows her material and is a good speaker. This course will benefit everyone since we all should know our responsibilities when it comes to internal controls.
John Filbert
(Consultant at DLC Group)
Great course to test your internal control knowledge. I would highly recommend to any accounting professional that is responsible for establishing and maintaining controls in their organization.
Neal Stiles
(Accounting & Finance Guy at Contractor)
A solid review of an overview of internal controls. This course is for all employees of an organization. Lynn presents in a well organized fashion - just like all her other course work.
Anonymous
(Manager)
Easy to follow Greta subject matter
Anonymous
(N/A)
The background information on COSO 1992 and 2013 was helpful. The instructor (as always) explains the topic in detail which is very informative. Lynn Fountain's courses are very good.
Anonymous
(AP specialist)
I learned a lot of the basics and history.
Made me realize how much more we have to pay attention to the daily tasks people are doing. The difference between important and necessary.
Noelle Abdallah
(manager at Joes Mini Market)
The text and presentation was clear and understandable. Very easy to follow along with the accompanying pdf. The way the course is broken up helps with completing it on your on time.
Anonymous
(Audit Projects)
Great overview and good refresh course. I liked the flow of the material and organization from start to end. I had forgotten the importance of COSO framework and how it related to SOX.
Kevin Murray
(Business Partner - Strategic Projects at The Wesson Group)
An excellent course to explain how and why internal controls need to be developed and monitored by management. The title is appropriate in that all financial managers need to know.
Anonymous
()
I think the updates from 1992 to 2013 was very enlightening. Also, exposing the weaknesses of IC in real world senses was useful to see where the gaps can be maliciously utilized.
Anonymous
()
Lynn's courses are always easy to follow with great examples. I appreciated the concept of IC being embeded into the organization for reasons beyond compliance. Thank you, Lynn!
Anonymous
(IT Manager)
Very easy to follow and comprehend.
The Financial Reporting to Reporting is a great change since this is a important factor that aligns with all departments not just Finance.
Anonymous
(Manager, IT Governance)
Great presentation on internal controls! I would like to course to include more examples of well-designed controls vs. not-so-well-designed controls and control design gaps.
Thomas Hayes
(Clinical Associate Professor at University of Arkansas)
Well-organized course. I'm surprised at how much I need to learn with the new COSO standards. I think anyone that teaches, uses, or audits internal controls would benefit.
Anonymous
(Director)
This is a good refresher for those who have a good experience on internal controls. The presentation is very organized and the instructor is very knowledgable of the topic.
Jennifer Welch
(AVP Internal Auditor III at Community Bank of Texas)
The COSO information presented was excellent. Being able to integrate all of the different elements of this course into your daily operations routine is extremely helpful.
John Ball
(controller at CPP)
This course is a good summary of internal controls, the importance of which is growing as organizations, regulations and technology evolve and become more diverse.
Anonymous
(CFO)
It is really informational for understanding the needs, advantage and disadvantage of internal control. And it led me be more cautious of managing internal control.
Anonymous
(Internal Audit Manager)
Really enjoyed the aspects of this session where Lynn focused on teaching/educating management that may be resistant to implementing/performing internal controls.
Anonymous
(Controller)
She is able to cover a lot of dry information effectively and her presentation is more easily remembered from just looking at the slides at a later date than most.
Anonymous
(Compliance Specialist)
A lot of information packed into basically 1 hour. I was assigned this course as someone with zero IA experience and it was a nice intro into the "control" world
Anonymous
(Director Head IT Infrastructure)
The course is very well structured and with real examples from our daily business. It's a must in all companies to provide such great training to all employees.
Scarlett Salazar
(Fraud Dispute & Resolution M.. at Army & Air Force Exchange Se..)
Very good high level review. I'm not in auditing position and haven't reviewed COSO guidance before, so I found it very helpful and a good course for beginners.
Anonymous
()
Great point about employees not only following the control procedures but also understanding what purpose they serve so as to not inadvertently circumvent them.
Paul Morris
(Director, Compliance and Insurance at Sam Houston State University)
Course was solidly put together and provides a basis for conversation with BOD, managers and staff who do not have a clear understanding of internal controls.
Anonymous
(Private Equity Accountant)
Great slides and presentation. The professor taught the class great and provided all necessary information for the exam. I learned a bunch and would recommend.
Anonymous
()
Good refreshers and simple enough that can be used to teach people starting in a company to understand internal control and managements functions within it.
Candice Hernandez
(Manager at Hyundai Capital America)
The facilitator was clear, concise and easy to follow in her pace. I would of have like to see more visual sides that were relative to what was being said.
Kim Benson
( at Health Systems Management, Inc.)
I have been around since SOX was originally implemented. Interesting to see the changes in 2013. Have noticed language changes in Engagement letters, etc.
Anonymous
(Internal Auditor)
Great holistic overview of this topic. The instructor is very knowledgeable and easy to understand. I would definitely recommend this course and instructor.
Anonymous
(Controller)
This was not a subject that I thought could be interesting, but the instructor did a great job explaining COSO for 1992 and 2013 and why it's important.
Felix Murphy
(Risk Control Analyst at VA - U.S. Department of Veterans Affairs)
This is a good general introduction to the internal controls program. I really liked the sections on educating management and setting the stage. Thanks.
Anonymous
(Accountant)
Again this is a great course on internal controls. Very helpful for those who are starting at entry level to understand the value and importance of IC.
Anonymous
(Assistant Internal Audit Manager)
This course provides broaden, useful and updated information on Internal Control, COSO 2013. Very easy to understand and necessary for internal auditors
Anonymous
(EVP)
the presenter incorporates a significant amount of real-life experiences and examples into the presentation (making it practical and easy to understand).
Anonymous
(Sr. Treasury Analyst)
This course provided a good overview of internal controls and went into a nice overview of COSO 1992 and what changed with the new update to COSO 2013.
Anonymous
(Analytics Development Associate)
great series of questions. a bit tricky. Internal controls is very vital and crucial to the success of any corporation. Recommended for all companies.
Simeon Munezero
(Manager at RSM)
The course provide refreshing concepts and materials on COSO, type of controls, setting the stage, monitoring, etc. I am glad I selected the course.
Cole Strohson
(Treasury Associate at Hyundai Capital)
It was a decent course. Would have been nice if there were more specific examples instead of defining the words and making it more about philosophy
Anonymous
(IT Advisory Snr. Associate)
This is a refresher course. Nothing surprised me. I like the detailed information provided. New auditors will benefit the most from this training.
Daniel Novotny
(VP Consumer Risk at Hyundai Capital America)
Course was fine. Materials were fairly dry with a speaker for the allotted time, but given the focus material it was not too much of a surprise.
Anonymous
(Associate)
Everything was explained in an easy to understand manner. Learned useful information and will take this and use it my everyday work activities.
Mark Eastman
(Accountant at Self)
I think this was a well done primer on internal controls that provided excellent historical background on how these processes evolved over time.
Megan Fraser
(Advisor at Google)
I really enjoy Lynn's lessons. Specific to this course, I really enjoyed learning about the difference in COSO Framework and how it has changed
Anonymous
(Controller)
I enjoy all of Lynn Fountain's courses and this was no exception. This was a great broad view of internal controls in a practical application.
Anonymous
()
This overview of Management's Internal Control Essentials was a helpful base knowledge of the important aspects of COSO and internal controls.
Anonymous
(VP, Digital Innovation)
Very easy to follow and understand the concepts outlined in this course. The supporting materials are very helpful to review the concepts.
Anonymous
(Senior Accountant)
This is a great course to remind us that internal control isn’t a checklist or a set of instructions, but rather a mindset and culture.
Anonymous
()
Lynn Fountain delivers very clear and thorough information throughout the course. It's a great COSO review and refresher of effective IC.
Anonymous
(Manager, Pricing and Analytics)
Great content. Instructor was very clear and informative. Following this course gives an understanding on what and why we need to do SOX
Anonymous
(Contractor)
Great foundational course if you need a refresher on internal control basics. Includes a glossary which I was able to download and save.
Adam Beard
( at WCF Mutual Insurance Company)
This course provided a good review of internal controls. It was helpful to understand some of the changes to the framework over time.
Anonymous
(Director)
Overall, a good course but it was longwinded. Also the platform was very counterintuitive i struggled getting it going but overall ok
Sam Grosoff
(Associate at RSM)
I've effectively learned about internal controls and what every financial and accounting professional should know regarding the topic.
Anonymous
(Associate)
I enjoyed how you could view the session- broken up or all in one. Highlighted great example to correlate to what was being discussed.
Anonymous
(Accounting Manager)
This course was a great refresher. I appreciate the examples used and the clear breakdown of the definitions and changes within COSO.
Anisha Gomes
(Managing Director at CNM LLP)
This course is a very good detailed discussion on internal controls and covers all the concepts that an Internal Auditor should know.
Anonymous
()
I was interested in internal controls and this course gave me the information regarding them that i was seeking, so i liked it a lot
Anonymous
(director)
2 hour course can lead to attention gaps. Short and direct content will help trainees/employees retain key points and be aligned
K Harper
( at JLL)
GOOD OVERVIEW FOR ANY ORGANIZATION AS THEY INTRODUCE IC MEASURES
Anonymous
(CFO)
Excellent course outlining all of the key points of a control framework - very pragmatic content and well delivered. Thank you.
Kevin Year
(Financial Reporting Manager at Hyundai Capital Americas)
Thorough overview of internal controls. Good reminder of what internal controls should have and how we should think about them.
Julie Ventura
(Supervisor at Tapestry)
Very interesting to see what controls can be implemented to have a sound business. All managers should take a course like this.
Anonymous
(Accountant)
Would be great having more examples of IC success and fail, whistleblower examples etc. Overall good but very brief overview.
Anonymous
(Accountant)
This course was very helpful and informative. I liked that it gave me a better understanding of Internal Control Essentials.
Anonymous
(Auditor)
Great course. Internal controls are very important, and organizations should be aware of different preventive methods to use.
Anonymous
()
This was a very informative course and emphasised the importance of internal controls and whom the responsibility lies with.
Tianwen Zhang
(Manager at Hyundai Capital America)
thank you for the course, helped me understand the basics about internal control, and how to implement it into my daily work
youngtaek park
(BSE at Hyundai Capital America)
this is very good to me. Ksox control can prevent issue. it was helpful to me how to establish control on our organization.
Anonymous
(Finance and Accounting Consultant)
Great course on internal controls, serving as an overview and introduction before jumping into more details and substance.
Anonymous
()
Very useful and clear introduction to the risk management concept and the development of the COSO cube and its components.
David Weichert
(Director of Finance and Administration at Parking Authority of the City of Lancast..)
Good introduction to the concepts of internal control and how it needs to be considered at all levels of an organization.
Anonymous
(Manager)
the course content is really good and instructor did a great job putting this material in an easily understandable format
Anonymous
(Finance Manager)
This is an awesome course for anyone looking to learn more about internal controls!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Clarissa Davey
(Accounting Associate at Hyundai Capital)
Loved hearing the instructors passion for internal controls throughout the course which made it really easy to follow.
Trudy Ward
(Asset Remarketing at Hyundai Capital America)
Very educational, but a bit long. The course was sound and fitting. Also, gave alot of information that I didn't know.
Anonymous
(Senior Associate)
This course is true to its name. Highly recommend for anyone looking to learn more about internal controls essentials.
Brad Sweetser
(Finance and Accounting Consultant at DLC Group)
Good reminder of the basis for IC's and their importance not only for external reporting but operational efficiencies.
Matthew Kim
(Data Analyst at Hyundai Capital America)
overall course material was good, but there were some basic spelling errors throughout the course that was distracting
Anonymous
()
Great overview of internal controls and is a great refresher course for any professional. Would definitely recommend!
Anonymous
(CPA)
The course was informative, even though it was short. The material was laid out in a very organized, simple manner.
Kayla Ullman
(Office Manager at MCR Crane Repair)
Information was clear and helpful. The diagrams were hard to view, would be helpful if they were easier to view.
Anonymous
(Auditor)
Provides great information. This course is a great introduction into understanding internal controls as an auditor.
Anonymous
()
another good review of internal control fundamentals from the managerial perspective. my thanks to the presenter.
Anonymous
()
# I like this because it it simple yet powerful to make understand participants essentials of internal control;
Anonymous
(Manager - BP SOX)
Great comparison between COSO 1992 and 2013. The instructor is very knowledgeable and shares relevant information
Kellie Pham
(Corporate Accounting Manager at HCA)
The course is very clear and straight to the points. It's great to learn more knowledge in the internal control.
Anonymous
()
This course on Management of internal controls was a well balanced course. I will train my coworkers from this.
Maxwell Hassenstein
( at NeoGenomics)
An effective refresher and introduction to internal controls, including the changes with the COSO 2013 framework
Anonymous
(VP, IT Planning)
it was my first time to learn about Internal control, sox,
it was very helpful to understand Internal control.
Anonymous
(Senior Manager)
This course helped understand the reason for risks and the importance of having the proper controls in place.
Anonymous
(Sr Internal Auditor)
Fantastic overview of the subject matter and practical examples that leads to understanding the application.
Alpha Kakay
(Accounting at Five Guys Enterprise)
Internal control functions and the basis of SOX and COSO frameworks were effectively taught in this course.
GUSTAVO RAMIREZ
(TAX ASSOCIATE at HYUNDAI CAPITAL AMERICA)
Great course. i would definitely take another course from this site. Bonus that course provided CPE credits
Anonymous
(Manager OEM Pricing and Analytics)
Class was informative and touched on many topics. Liked the overall flow of the class and would recommend.
Christine Matthes
(- at None)
Very good course on the revised coso framework presented by the lynn fountain - fast moving and relevant.
Anonymous
(Risk and Control Manager)
Solid general overview of defining controls and how to help implement a good control environment/culture.
Anonymous
(Director)
This course is well designed and thought out. Helps explain the framework in a way that's easy to digest.
Anonymous
(Director Servicing Support)
course was very well narrated and provided good example to help relate course to everyday work activities
Anonymous
(Manager, HR)
Very informative and detailed course. Self pace learning was prefect for such a large amount of content.
Anonymous
(Consultant - Process Specialist)
If you don't have an idea or concept of what internal controls is, then this is the best course for you.
Anonymous
(Financial Reporting Manager)
Good explanations of internal controls and management's role in IC. PDF of slides is a useful reference.
Anonymous
(Controller)
A great overview of internal controls. I felt it could have been communicated in half the time though.
Anonymous
(Controller)
Concise and well organized. Minimum character count. Minimum character count. Minimum character count.
Anonymous
(Consultant - Controller)
Good content, well organized
Anonymous
(Internal Audit Associate)
it was very useful, and I felt like all the information in the course was relevant towards the topic.
Anonymous
(Director, Data Practice)
very effective course that highlights the importance, effectiveness and execution of internal controls
Anonymous
(Vice President)
Fantastic course with great and relevant material that really refreshed my internal controls knowledge
Larren Walker
( at Lamb Weston)
This was a pretty good overview of COSO and gave some differences between the 1992 and 2013 versions.
Anonymous
(Sr. Accounting Manager)
This course is out of dated. I think the host should introduce more SOX compliance internal control.
Anonymous
(Controller)
Great review of internal controls, and how they should be executed within any and every organization.
Anonymous
(Senior Manager, External Reporting and C..)
Good overview of IC and COSO. Slides were not too detailed, but detailed enough to get point across.
Anonymous
(Accounting Manager)
Great course. I recommend reviewing the content annually and during any new implementation project.
Anonymous
(Manager)
Loaded with great information. However, the course is too long. It can be shortened down to 1 hour.
Anonymous
(GL Analyst)
This course was easy to follow and understand. The instructor is very knowledgeable and well spoken.
Anonymous
(Semi-retired)
Course was well planned. Very concise and presented in a format to understand the concepts taught.
Anonymous
(Owner)
Good class. Lays out overall foundation of internal controls. Provides a good history on the COSO.
Anonymous
(Sr. Accountant)
A great overview of the importance of Internal Controls and who is responsible in an organization.
Anonymous
(Staff Accountant)
This is a great course on COSO internal controls and the changes over time. I really enjoyed it.
Anquesha Tillman
(Sr. Manager at Hyundai)
I like that the course was self-paced and the presenter spoke in a manner that kept my attention.
Anonymous
()
Comprehensive overview of the COSO matrix and internal controls with emphasis on changes in 2013.
Mi Young Kim
(Managing Director at Vine Consulting Limited)
It's instructive lessons and the quiz and final test are clear enough to understand the questions.
Brad Nielsen
(None at None)
This was a good overview of COSO and management's responsibility for internal control procedures.
Aaron Davis
(Consumer Originations Risk Manager at Hyundai Capital America)
Easy to follow material, compartmentalized to make comprehension of a lot of information easier.
Vishal Singh
(Commercial Risk Manager at Hyundai Capital)
Course was good for getting a high level understanding of internal controls and how they operate.
Anonymous
(Senior Internal Auditor)
Solid overview of internal controls. The course was well planned and topics covered thoroughly.
Babette Grothe
(Office Manager at Aircraft Turbine Works)
Another great overview of details over the topic. Lynn is a great teacher with good explanation.
Anonymous
(Senior Accountant)
Simple course, great for a refresher of controls within the organization and those responsible.
Anonymous
()
as usual, lynn brings the good stuff on this course. another great offering. learned a ton!
Anonymous
(Manager - Compliance and Risk Management)
This was a very enjoyable back to the basics refresher on internal controls.
I enjoyed it.
Anonymous
(Internal auditor)
Very clear course, explains examples of controls but also explains why controls are important
Anonymous
(Director, Governance)
I always enjoy Lynn Fountain's courses. The course material was well laid out and effective.
Anonymous
()
very coso heavy good to refresh my memory from way back when in school about this good stuff
Anonymous
(Director Marketing Strategy)
Effective controls review with good historical account of COSO changes over there's Red as.
Cristina Palacios
(Senior Internal Auditor at CommunityBank of Texas)
This presentation has been a great overview and refresher of internal controls and COSO.
Anonymous
(-)
Presentation and the materials were easy to follow. Interesting and comprehensive course.
jonathan reda
(Finance Manager at Cisco Systems Inc.- FCRM)
Great refresher and will plan to take again. Learning plan was well developed and helpful.
Daniel Merrill
(Associate at Hyundai Capital)
Very detailed and easy to follow. Was able to relate this course to my current job role.
Anonymous
(Manager, Compliance)
The instructor clearly articulated the concepts related to internal control and SOX/COSO.
Jose Aranda
(Manager, Consumer Risk at HCA)
Great course to take. Really helps one understand why IC are important to an orginization
Amy Key
(Sr. Employee Relations Manager at Hyundai Capital America)
how long the course is - everyone is involved with internal controls - every employee -
Valerie Good
(Manager, Analytics Development &.. at Hyundai Capital America)
This is a great course for management level.
Recommend strongly to all manager levels.
Kari Oettinger
(Accounting Manager at ASQ)
Very well laid out. Easy to absorb material. Instructor was engaging and not monotone.
Anonymous
(General Counsel)
good overall summary of complex material in an interesting and informative presentation
Anonymous
(Senior Director Internal Audit)
I liked how this course discussed the 3 Lines of Defense, and COSO 1992 vs COSO 2013.
Michael DeVito
( at Dassualt Falcon Jet)
A good reminder that internal controls are key part of any organization's operations.
Anonymous
(Director)
like the different sections and supporting materials that i can come back to review.
Anonymous
(Staff Accountant)
Course met all the objectives and was an engaging refresher on an important topic.
Anonymous
(CFO)
A more complete description of the responsibilities of designing internal controls.
Anonymous
(Internal Auditor)
Great course on internal controls fundamentals including history and good examples.
Anonymous
()
Informative course covering the basis of COSO and its changes to company's in 2013.
Anonymous
(Manager)
Great overview of the new COSO 2013 and how it is applied within the organization.
Anonymous
()
This is a very interesting course on internal controls presented in a clear manner
Steve Ritzer
(Internal Controls Manager at The Park National Bank)
I enjoyed the course and believe it provides a good overview of internal controls.
Anonymous
(Manager, Revenue & Disbursement)
It was easy to follow and everyone in the company will benefit from this training.
Anonymous
(Auditor I)
The instructor used great examples and the material was a breeze to understand.
Anonymous
(Manager, HCI Sales Operations)
I liked how you can go at your own pace and rewind if you missed a certain part.
Anonymous
()
This was a helpful review of internal controls and how to apply them. Thank you.
Baechang Choi
(Manager at KPMG Korea)
I needed lecture for the new COSO, and it is so helpful to update the new COSO!
Anonymous
()
Always enjoy taking Lynn's courses. A great introduction into Internal Control.
Joshua Thomas
(Senior Auditor at CBP DHS GOV)
Great course! Great insight! Very informative and useful! Valuable information!
Peter Tran
(Director, Corporate Accounting at Hyundai Capital America)
great course! will recommend. Really straightforward and direct to the point.
Anonymous
(Consultant)
This course dives deeper into the types of controls and responsible parties.
Daniel De La Cruz
(Accounting Specialist at Improve YourTomorrow)
This section on Internal Control was very informative, yet concise! Thank you!
Anonymous
(Manager)
Great information was given, however the instructor was a little wordy for me.
Anonymous
(Assurance Specialist)
Great review. Good instructor. I would take this course again as a refresher.
Anonymous
(Office Manager)
Topic was covered in a though manner with additional input from the lecturer.
Danny Gajic
(Audit Manager at Hyundai Capital America)
Great overview course on Internal Control topic. I would suggest to everyone.
Anonymous
()
Well structured course. Presenter gives practical examples. Quality content.
Silvia Garcia
(Associate IA at Hyundai Capital America)
Excellent information, pace was good and instructor was easy to understand.
Anonymous
(Manager, Vendor Risk Management)
I felt like the explanations were too long and detailed for what was needed.
Alyssa Angell
( at Inspirato)
This course was very informative on internal controls and the coso framework
This course was very informative and very relevant to today's situations.
Stan Jones
(Director Program Management at Genesis Energy)
pro: great information.
con: there are a few typos but nothing major.
Anonymous
(Accountant)
Great course, clear and concise, would recommend others to take this course
Andrew Ryan Rosales
(Associate at Hyundai Capital of America)
I like the explanations and sharing work experiences to make us understand.
Lauren El Hanafy
(Staff Accountant at HCA)
It was interesting. Makes what we are doing internally a bit more logical.
Anonymous
(Director)
nofreeadsfrommenofreeadsfrommenofreeadsfrommenofreeadsfrommenofreeadsfromme
Anonymous
(CPA)
Very broad scope and not Many specific examples. Would like more examples.
Anonymous
(Manager, OSAT Process Excellence)
This was a good course that stuck to core information and great takeaways.
Christopher Esser
(Manager, Enterprise Risk Management &.. at Hyundai Capital America)
Great class. Easy to understand. Good information and engaging presenter.
John Robinson
( at Penobscot Bay YMCA)
This course was very informative and provided a great learning experience.
Anonymous
()
Great summary of internal control principles as they apply to management.
Syed Kazmi
(Controller at Encompass Capital Advisors LLC)
Internal control is effective if implemented properly which is explained.
Anonymous
(Manager)
Like the content
Not the test (should show what answers are incorrect)
Anonymous
()
Well designed and very informative course that fully met its objectives.
David Fisher
(Associate at YPTC)
Nice course. Content was clear and laid out well. I like this creator.
Anonymous
()
Clear and effeciently presented all of the information in this course.
Stephanie Sheafer
(Owner at Sheafer fitness)
Lynn made the course easy to understand with loads of great information.
Anonymous
(Consultant)
Great refresher on a very important concept. I was learning new stuff.
Anonymous
(Auditor)
Management Internal Control Essentials was a great class and refresher.
Anonymous
()
Good overview of COSO framework, and changes from the 90s to the 2010s.
Anonymous
(CPA)
Very good explanation of internal controls and how they should function
Kathleen Nagle
(Financial Facilitator at Owner)
Great teaching just the topic is boring to me. Got through it. Thanks!
Helena Hallwas
(Head of Risk Management & Intern.. at Apleona GmbH)
Very good introduction to ICS, Types of Controls, Responsibilities etc.
Inna Shmukler
(Controller at Fornetix LLC)
This is good as an overview course. Very well organized and presented.
Anonymous
(Tax Manager)
Very informative, really appreciated the slide deck materials as well.
Corey Masters
(Accountant, Internal Auditor, Risk Speci.. at Self)
A really good summary course on internal controls and their benefits.
Matthew Long
( at Wells Fargo)
Aligns with what I see in my organization. Clear and easy to follow.
Anonymous
(Procurement Manager)
Good overview of internal controls management covering SOX and COSO.
Anonymous
(Owner)
Good overview of IC. I am very familiar with IC and establishing it.
Anonymous
()
Great overview of the COSO and internal control processes/procedures
Anonymous
(CSR)
A good course to explain the purpose and need of internal controls.
Craig Farabaugh
( at Albireo Energy)
Good overall review of Internal Controls, covering changes in COSO.
In Ho Jung
(Internal Audit at HCA)
Lecture was useful and good reminder of a job as an Internal Audit.
Anonymous
(Owner)
I enjoyed this course and would recommend it......................
Oksana Sofron
(Accountant at none)
Great information and effective presenter. Easy to follow slides.
Anonymous
()
Great overview of internal control that everyone should listen to.
Anonymous
(Lead Auditor)
Good overview of internal controls and good delivery of material.
Cam Pham
(Audit Manager at Hyundai Capital America)
I learned a lot from the course. Contain very useful information.
Anonymous
(Financial Manager)
Thanks for Management Internal Control Essentials and materials.
Michele Gamberutti
(Manager Accounting Governance at Hyundai Capital America)
it was a little dry and there were distracting typos in the deck
Anonymous
(Payroll Manager)
Good information, but the course should be condensed even more.
Prasuna Basani
(BSE at Hyundai capital america)
Very Educative about internal controls. Got to learn about COSO.
Anonymous
(Project Manager)
Very good class covering internal controls and how to use them
Ibrahim Khalil
(Accountant at Axians IT Busniess Solutions GmbH)
Good and simple, the explanation is good and understandable....
Anonymous
(Owner)
Easy to understand and remember, it is completely comprehensive
Gayla Sterrett
(HRIS at GPSTRATEGIES)
The course was informative and complete. It was easy to follow
Anonymous
()
Great job, thank you very much. Excellent material, well stated
Anonymous
()
great class. I enjoy learning about the best audit procedures.
Anonymous
(Head of Internal Audit)
A very important topic about internal controls well presented.
Anonymous
(Internal Control Officer)
Very good trainer. Good refresher on IC and COSO. Recommended.
Melissa Embry
( at TDI Fleet Services)
very good course, good presentation and pertinent information
Anonymous
()
Good content but more real world examples would be preferred.
rodrick lawlor
(FD at CBP - Customs & Border Protectio..)
Great course. Streamlined and efficient. Highly recommend.
Lou Mortillaro, CMA
(Accounting Manager at American Financial Resources)
Good introductory course for those looking for an overview.
Anonymous
(-)
Nice overall course with real world examples and commentary
Muhammad Baig
(Managing Director at N/A)
Lynn's courses always offer a great learning and education.
Harris Clayton
(Audit at Google)
cool course, learned a lot about coso and internal controls
Anonymous
(retired)
A good course to direct what is expected out of management.
Edmeire Oliveira
(Director of Accounting Latam at Blue Loop Capital)
interesting subject, well distributed , good instructor
Anonymous
()
Very Good Course of Management Internal Cintrol Essentials
Anonymous
(CEO)
simple and intuitive, good balance with instructor's speed
Eric Thelen
( at County of Ingham)
Presenter was thorough and course content was appropriate.
Anonymous
(CFO)
Good introductory course. I would recommend for beginners.
Sophia Kasozi
(- at City of Edmonton)
Great refresher and review of internal controls and COSO.
Anonymous
()
Good course. The Coso update was helpful as a refresher.
Jan Laudenbach
View Instructor Profile
Fast and intense overview about the aforementioned issue
Anonymous
()
Course was great. Lynn is the Best. Thank you so much.
Alan Christopher
(Director of Internal Audit at DuPont Community Credit Union)
Great content. Presented clearly and interestingly.
Anonymous
(Director of Policy and Fraud Risk)
communication was clear and content was organized well
Miguel Sanchez
(Pricing Analyst at Hyundai Capital America)
Very good. Very fine. Very excellent. Top G training.
Anonymous
(Change Management Lead)
The course content was very good! Met my expectations!
Sylvia Ratliff
(internal audit consultant at self employed)
I found the material to be thorough and interesting.
Ru Chin Choo
(IT Audit Manager at HCA)
It was a good refresh material and training session.
Marci Earnest
(Accounting Manager at Transtron America, Inc.)
I don't know what to say. This is the first lesson.
Keri Erkenbrack
(Director, National Credit at Hyundai Capital America)
very informative, great information and great pace.
Roxane Wells
(Senior Manager at Stevenson Smith CPA's LLC)
Good overview of internal controls. Good instructor.
Anonymous
(ABCDE)
Good overview of COSO history and current framework
Nanette Strennen
( at Certco, Inc.)
This was a very good overview of internal controls.
Tracy Caster
( at Reno-Tahoe Airport Authority)
Good course, and great refresher on these concepts.
Anonymous
(Project Management Administrator)
Easy to take notes and keep up with the instructor.
Anonymous
(Director, Financial Analytics)
Information was thorough. Pace was a little slow.
Anonymous
(-)
A good course that was communicated well.
Anonymous
(Senior Internal Auditor)
Good overview of internal controls
Anonymous
()
informative course.
Anonymous
(Sr. Internal Auditor)
.
Prerequisites
Course Complexity: Foundational
No Advanced Preparation or Prerequisites are needed for this course.
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
.
Course Questions and Answers(3 Questions)
Lynn FountainCPA, CGMA, CRMA, MBA, cPIA, Consultant, Author, Trainer
About Illumeo
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Resources
Contact Us
- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 1608 W Campbell
- Av #221, Campbell, CA 95008
© 2024 Illumeo, Inc.
Hello. I took the final exam on this course and had one ‘wrong’ answer. As you can see from the info below, the system marked my answer as incorrect. I answered that ‘sound internal controls must be embedded within the organization.’ I would like to dispute the test’s correction….sound internal controls should be embedded in an organization, and not wait until the auditors find an issue. Your slides are consistent with my answer and not the ‘should have chosen’ answer. I recommend the test results be updated to reflect the correct answer. Thank you.
Question:
In regards to internal control, which of the following statements is correct?
Response:
Should have chosen
It is ok for management to wait until the internal or external auditors find an issue to correct any control gaps.
Wrong
Sound internal controls must be embedded within the organization.
Education, communication and accountability are not part of the concepts involved with internal control.
Financial personnel and auditors cannot work on internal controls.
I will have Illumeo check the automated response. You are correct with your answer
Hi Lynn - We have updated the correct answer option in the course.