Understanding the COSO Framework for Internal Controls

Wednesday, October 26 8:45am - 12:15pm

(Check-In 8:45am)

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4.00 Credits

Member Price $140.00

Price will increase by $20 after 10/19

Non-Member Price $205.00

Price will increase by $20 after 10/19


Internal controls over financial reporting are used to prevent, detect, and correct misstatement. They also help to reduce the chance that fraud will occur. The auditor is required to obtain an understanding of an entity’s controls as part of the risk assessment process. This workshop will provide participants with an opportunity to explore the design of controls over the significant systems typically found in a small and medium-sized client through the use and understanding of the COSO framework.


  • Describe the evolution of internal controls and its impact on the profession
  • Recognize the professional requirements and guidance related to internal control considerations in an audit, including their relationship to risk assessment
  • Develop a basic understanding on how to test and audit internal controls
  • Identify and assess the principles of the COSO Framework related to entity-level controls that applies to the control environment, risk assessment, information and communication, and monitoring
  • Apply and document understanding of control activities elements of the COSO Framework


  • Background on internal controls
  • COSO Framework
  • Understanding the design of controls at the entity level and at the activity level
  • Control activities

Designed For

Audit practitioners who are working on audits of non-public companies, as well as accountants in industry who want to improve their entity’s internal controls


Basic audit course or experience




Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy.


Leader Bios

Kenneth Heaslip

Kenneth Heaslip, MS, MBA, CPA, CGMA, licensed as a CPA in New Jersey, is a discussion leader and Content Specialist Instructor for Loscalzo Associates Ltd., a division of SmartPros, a Kaplan company. Kenn has extensive experience teaching all levels of accounting, auditing, and other practice-related areas. He has served as Vice President and Trustee of the New Jersey Society of CPAs, Secretary of their Scholarship Fund, President of the Essex Chapter, and chair of several task forces. He is an active member of many society committees in accounting and auditing, taxation, and student programs, as well as past chair of the Educators Committee. Kenn currently serves on the NJCPA Professional Conduct Committee. He is a Director at Leaf, Miele, Manganelli, Fortunato & Engel LLP, a regional CPA firm in New Jersey and New York City.

Kenn has been a Professor of Accounting at Bloomfield College and Kean University, as well as an Executive in Residence at Seton Hall University, where he was the students’ choice as Educator of the Year two years in a row. He taught in the Executive MBA program at Rutgers University and has been with Becker CPA Review since 1983, serving as National Director for several years. As National Director, he was lead editor of course content and oversaw the hiring and training of 350 instructors on staff. Kenn has lectured extensively throughout the United States, Canada, and Asia.

Kenn earned his BA from Rutgers University and has an MS in taxation and MBA in finance from Seton Hall University.

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Non-Member Price $205.00

Member Price $140.00