COSO 2009 Monitoring Guidance - Learn Key Concepts for Operational and Financial Statement Controls

Instructor: Sonia Luna
Product ID: 701474
Training Level: Intermediate
  • Duration: 60 Min

recorded version

1x Person - Unlimited viewing for 6 Months
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Recorded Link and Ref. material will be available in My CO Section

Training CD

One CD is for usage in one location only.
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CD and Ref. material will be shipped within 15 business days

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Read Frequently Asked Questions

This COSO 2009 Monitoring Guidance training will discuss the concepts offered in the three volumes proposed in New 2009 COSO Gudiance for intended to promote monitoring program.

Why Should You Attend:
COSO is the leading framework US companies use to comply with SOX. COSO has recently issued its new 2009 Guidance for Monitoring which has been rarely adopted by companies. This is the latest guidance offered by COSO to promote a more effective monitoring program, not only for sox compliance but other areas of the COSO framework.

This webinar will cover basic overview which will allow you to understand key concepts of both your operational controls and financial statement controls. This guidance covers what is required for documentation and who should be reviewing it from both a company's perspective. This webinar will explore the concepts offered in 2 of the three volumes such as:

  • Why the guidance was issued?
  • Who should apply the guidance?
  • How does the guidance effect other COSO Materials already issued?
  • What does the guidance NOT provide to a reader?
  • Learn what COSO wants ALL companies to be performing to create an effective monitoring program.
  • Discover who should perform the monitoring of controls.
  • How to leverage priority ratings.

Areas Covered in the seminar:

Discussion on the three volumes offered in the 2009 Monitoring Guidance, which include:
  • Overview Volume, which we explore:
    • Purpose of the guidance
    • Nature & Purpose of Monitoring
    • A Basic Model for Monitoring
  • Vol. #2: the "APPLICATION" we will discuss:
    • How Monitoring is a Component of the Internal Control System
    • Establish a Foundation for Monitoring
    • Design and Execute Monitoring Procedures (an Overview)
    • Assess and Report Results
    • Dealing with "Other Considerations"
  • Learn about COSO Sub-certification templates offered.
  • How to deal with "Scalability Based on Size".
  • Best Practices that COSO wants you to incorporate for the level of formality of your documentation.
  • How this new guidance applies to other 2006 COSO guidance issued for smaller public companies.

Note – This is part 1 of 2 Part Series on this topic click here to view the details of Part 2 COSO 2009 Monitoring Guidance Procedures & Templates

Who will benefit:

Webinar will be helpful for several layers of audit and governance staff such as:
  • Director of Internal Audit and Internal Audit staff
  • Audit Committee Members and Board Members
  • Controllers, VP Finance
  • CFOs and Others responsible for governance

Instructor Profile:
Sonia Luna, CPA, CIA is the founder of SOX Solutions, the only boutique consulting firm specializing in sox effort, headquartered in Southern California. Ms. Luna offers over 12 years of internal and external audit experience and having completed over 30 sox engagements she is one of the leading authoritative authors for courses offered by Compliance Online and other continue education organizations.

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