Cost Effective Internal Controls for Small Businesses (Completed)
Date: Wednesday, October 5, 2022
Instructor: Robert K Minniti
||12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
||2 hours for CPAs
This course is designed to assist accountants and auditors who are working with small businesses. The course contains a presumption that there will be a lack of segregation of duties in the internal controls of small businesses. We will review compensating and mitigating controls for the lack of segregations of duties and will discuss developing cost-effective internal controls for organizations with limited budgets. We will also discuss working directly with small business owners and bookkeepers and some of their resistance to formalized internal controls.
Who Should Attend
CPAs, CMAs, CIAs, CGMAs, CFEs, auditors, accountants, bookkeepers, and others who are working with small businesses.
- Review compensating and mitigating controls for the lack of segregation of duties
- How to develop cost effective internal controls for organizations with limited budgets
- How to work directly with small business owners/bookkeepers and some of their resistance to formalized internal controls
- Recognize how to work around issues with segregation of duties
- Identify and develop cost effective internal controls
NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)
An understanding of the COSO Framework on Internal Controls.