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Feb 03

Washington, DC

Willard InterContinental Hotel

Workshop Description As federal agencies are implementing internal control programs in accordance with OMB Circular A-123 a new trend is emerging that focuses on assessing the risk associated with key internal controls to focus testing on processes that present the greatest risk. With limited resources federal agencies are focused on administering internal control programs that are efficient and effective, avoid duplication and minimize the burden on staff. This workshop is designed for the front-line practitioner, manager, or executive who is responsible for sustaining an effective internal controls program. Participants will learn how to efficiently and effectively sustain an internal control program after the initial assessment is complete. Participants will also gain an understanding of the evolution of internal controls, learn about emerging trends and best practices, and gain an understanding of a practical approach to assessing internal controls using a Governance, Risk and Compliance methodology. We will present very practical information about the federal government’s requirements for internal control programs, and offer insight on integration, risk assessment, testing, internal control software and reporting. The focus of this workshop will be on efficiently meeting OMB Circular A-123 requirements. What You Will Learn The Federal Government’s history and renewed focus on internal controls, including the cornerstone legislation, the Federal Manager’s Financial Integrity Act Updates to OMB Circular A-123 and COSO’s Integrated Internal Control Framework Emerging trends surrounding internal control assessment Best practices for internal control programs A simple methodology for efficiently and effectively administering an internal controls program Establishing a Senior Assessment Team and setting a positive “tone at the top” Establishing a risk-based process for assessing internal controls Best practices for testing internal controls for key business processes and information technology Reporting and the Annual Statements of Assurance Corrective action planning and execution Monitoring internal controls to reduce testing Working with your auditors and other key stakeholders and gaining buy-in Internal control software

Who Should Attend Financial management professionals Internal controls program managers and team members Program management professionals with internal controls responsibilities Auditors Internal controls steering committee members Inspectors General and Staff Chief Financial Officers and Staff Chief Information Officers and Staff Risk Management Staff Chief Human Capital Officers, HR Managers and Staff Managers, Directors and Senior Officials who have fiduciary or financial responsibilities

Registration Opens: 01/01/2011 Cost: $895.00

Contact Name: Art Chantker

ph: 301-279-7704 fx: 301-279-7771 email: art@potomacforum.org

Company Info:

Potomac Forum, Ltd

10137 Colebrook Ave.
Potomac, MD. 20854 United States


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