2024 Internal Controls for Small and Medium-Sized Entities
1.00 Credits
Member Price $39
Non-Member Price $59
Overview
This session explores the importance of internal controls with an emphasis on best practices for small- and medium-sized entities. We will examine the roles of both preventive and detective controls and practical, cost-effective suggestions for implementing effective internal controls will be addressed.
Highlights
- Overview of controls
- Preventative controls
- Detective controls
- Controls for SMEs
Prerequisites
A basic understanding of financial statement audits
Designed For
CPAs in public practice and accountants in industry who want to enhance their awareness of practical internal controls for small- and medium-sized entities
Objectives
- Recognize the importance of internal controls
- Appreciate nuances of internal controls for small and medium-sized entities
- Distinguish controls as either preventive or detective
- Identify useful controls for organizations that have limited resources
Preparation
None
Non-Member Price $59
Member Price $39