Session 1: COSO Update Overview
- High level overview of the COSO changes and what this means to organizations (James Roth)
- Sample of how to apply the new framework’s principles-based approach (James Roth)
- Update from KPMG on how organizations have been adapting and planning for these changes
Who should attend: Directors, Audit Leaders, Senior Management of organizations with responsibilities for internal controls over financial reporting programs who want a high level overview of the changes and how they might impact your organization.
Session 1 Time:
8:00 AM – 9:30 AM
How to Implement the Revised Internal Control Framework
- Seminar instructed by James Roth
- For those that want to continue with an in-depth look at COSO 2013, this interactive seminar will give participants a solid understanding of the changes in the COSO framework, especially how to apply the 17 Principles and related Points of Focus
- Participants work through the Principles-based approach of the new framework. They also do a preliminary evaluation of their own organization, including known strengths, possible deficiencies, and what more they need to know. They leave with a game plan for what to do next for their organization.
- Those responsible for annual financial internal control certification work will also get simple guidelines for scoping this work under the new framework.
Who should attend: Internal auditors of all levels who want to implement or update a COSO-based audit approach, anyone responsible for financial certifications or who just wants to understand the latest thinking on internal control.
About Our Speaker:
James Roth is one of the world’s leading experts on internal audit best practices, implementing COSO and evaluating soft controls. He is the 2008 recipient of the IIA’s Bradford Cadmus Memorial Award, which honors “individuals making the greatest contribution to the advancement of the internal audit profession.” AuditTrends’ leading edge seminars are based on Jim’s 20 years of researching internal audit best practices for a variety of IIA projects, including 10 books, seven other major publications and numerous articles, as well as his 12 years as a practitioner. COSO has been central to Jim’s best practice research and seminars throughout his career. He wrote all the IIA’s initial COSO implementation materials, including their COSO seminar, their COSO Implementation Guide, and the research study Control Model Implementation: Best Practices. He updated that study in 2010 with Best Practices: Evaluating the Corporate Culture. As a member of the IIA’s Professional Issues Committee, he was one of three primary authors of the IIA’s comment letter on the exposure draft of the revised framework.
Session 2 Time:
10:00 AM to 4:30 PM
$300 for IIA and FEI members
$350 for non-members
Registration by eChapter:
Register online at
Friday, November 22, 2013
IIA – Winnipeg Chapter