This material will focus on designing effective and practical internal control systems for smaller entities. Designing effective charts of accounts, management oversight and control over accounting operations, budgeting and governance issues will be discussed.

Topics covered:

• COSO Report on Internal Control for Small and Medium-sized entities
• A descriptive chart of accounts and accounting systems
• Designing the internal control systems
• Designing a code of conduct for a small entity
• The role of management and the governing body in performing internal controls
• Designing anti-fraud programs

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