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 February Presentation - New COSO Changes

Speaker Presentation
2/26/2014 9:45 AM
2/26/2014 2:00 PM
Spaghetti Warehouse, Syracuse |  

9:45 - 10    Registration
10 - 12       Presentation
12 - 1         Lunch

List of choices: Spaghetti w/ meatballs; 15-layer lasagna; fettuccini alfredo, four-cheese manicotti, chicken or regular Caesar salad

1 - 2           Board Meeting


Deadline: February 19th, 2014

Person receiving r.s.v.p.: John Sheaffer


Phone: (607) 337-6553

CPEs: 2

$30 Member, $40 Non-Member and $15 Student/Retiree

Program information is as follows:
On May 14, 2013, COSO issued an updated Internal Control-Integrated Framework to reflect changes in the business world over the 20 years since release of the original Framework in 1992.  Internal auditors, chief executive officers, chief financial officers, controllers and others involved in the oversight or development of internal control over financial reporting (SOX compliance!) need to become familiar with the new COSO 2013 Internal Control Framework (ICF) at they must implement and transition to it by the end of 2014.  The 2013 Framework retains the five components of internal control (i.e., control environment, risk assessment, information and communication, control activities, and monitoring activities); however it adds 17 principles associated with these five components that are necessary for effective internal control.  This CPE session will provide an overview of the updated 2013 COSO Framework, highlighting similarities with and changes from the 1992 version. The session also will discuss the 17 principles necessary to achieve effective internal control and the 81 points of focus supporting these principles.  Finally, we will cover how to implement the 2013 COSO ICF. 

Speaker information:

 Hessney Bio 2013 general.docHessney Bio 2013 general.doc

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