Finance Training Course: Reporting, Internal Control, Regulations and Being Compliant

This package course will provide you with  guidance and training as a means to help you enhance your knowledge, understanding, and competencies in the areas of accounting and financial reporting, audit, regulation and being compliant.

Led by well experiences speakers the course covers information on NAIC, IFRS Fixed Assets, IFRS vs GAAP, Internal Control, Accounts Payable Fraud and Social Media for Finance (FINRA) in detail.

How it works:

Each webinar CD has a series of modules. Our speakers have delivered the modules using PowerPoint slides.

This training is convenient to attend individually or in groups. You don't have to travel from your office. This means you can afford to have your whole team attend. As the webinar recording CDs are licensed to be used multiple times in a location, you can schedule the training as many times for as many groups/batches as you wish. Your team members will learn the material together; everybody will get the same information.

Webinar Topics included in this package:

Webinars included in the Package:

Module 1 : Understanding the new NAIC (National Association of Insurance Commissioners) Model Regulation (Duration: 60 minutes)

In this NAIC (National Association of Insurance Commissioners) Model Regulation training understand the practical implementation techniques for monitoring internal controls over financial reporting as required under NAIC Model Regulation.

Areas Covered in the Webinar:

• Practical Examples of Establishing a Foundation for Monitoring.
• Tone from the Top
• Organizational Structure
• Baseline Understanding of Internal Control Effectiveness
• Practical Design and Execution of Monitoring Procedures.
• Understand and Prioritize Risks
• Design of Controls
• Understand the Internal Control System and Identify Key Controls
• Identify Persuasive Information
• Implement Monitoring Procedures
• How to Assess and Report Results

Instructor Profile:

Bob Benoit, President of Lord & Benoit, a full service internal controls compliance firm (SOX consulting, NAIC Model Regulation, FDIC, Section 404, GAO, SOX IT) with clients worldwide. The presenter Bob Benoit was contributor to the development of this COSO Monitoring Guidance as a COSO Project Taskforce (the framework used for NAIC Model Regulation compliance). He has also served on the AICPA Peer Review Acceptance Board in MA for 10 years and is the author of the Lord & Benoit Reports, which have been referenced by all of the "Big 4" firms and nearly 200 legal, educational and trade journals around the world. Bob is the first evaluator to use the COSO Guidance for Smaller Public Companies, the inventor of Virtual SOX taught on the AICPA Technology website and research contributor to the SEC Subcommittee, SEC Concept Releases and SEC/PCAOB Internal Control Roundtables.

Module 2 : Webinar On IFRS Fixed Assets (Duration: 60 minutes)

In this IFRS Fixed Assets training understand how to assess the value of long lived assets and how to do periodic re-evaluation as per the International Financial Reporting Standards.

Areas Covered in the Webinar:

• Brief IFRS overview.
• Concepts and rules for Property, Plant, and Equipment.
• Revaluation methods under IFRS.
• Impairment of tangible long-lived assets.
• Capitalization of borrowing costs.
• Retirements and other disposals of long-lived assets.
• Nonmonetary (exchange) transactions.
• Financial statement presentation.
• Questions & Answers.

Instructor Profile:

Mike Morley, is a Certified Public Accountant who holds the top credit designations in the U.S., Canada, and the U.K. Mike is a recognized authority in the field of finance with more than 25 years experience.

An entertaining and informative speaker and trainer, Mike is the author of:

• “IFRS Simplified”,which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.
• “Sarbanes-Oxley Simplified,” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
• “Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Module 3 : Social Media in a Regulated Environment (for Financial Services)(Duration:75minutes)

This FINRA regulation based training will discuss how to create social media policies and implement for compliance and enforcement to avoid fines and disciplinary action for regulated companies. It will also discuss FINRA Notice 10-06 (issued Jan 2010), FINRA Notice 11-39 (issued August 2011), and SEC guidance (issued January 2012).

Areas Covered in the Webinar:

• How to Create an Action Plan.
• How to Establish Social Media Policies.
• How to Conduct Corporate Education.
• How to Develop Policies and Procedures for Implementation, Compliance, Enforcement.
• How to Benchmark against "Best Practices".
• How to Separate and segregate Personal and Professional Social Networks.

Instructor Profile:

Paul Messerschmidt, has been active in the financial services and risk management community for two decades, and is also active in the social media community, where he manages over forty social media channels, including LinkedIn, Twitter, and Facebook.

Module 4 : Risk Management for Directors and Officers (Duration: 60 minutes)

This webinar will discuss leading and emerging risk management practices and show how your organization’s risk management capabilities can be improved. It will present proven techniques that you can use to assess and improve your risk management design and operating effectiveness.

Areas Covered in the Webinar:

• PART 1 – Risk Management Capabilities
  • Business drivers and need to focus on the organizational strategic direction
  • Attributes of an effective risk management program
  • Fundamentals
    • The risk management “fan' pictorial
    • The OCEG management framework
  • Advanced practices
    • Board Risk Oversight (NACD)
    • The ISO 31000 risk management standard
• PART 2 – Assessing Risk Management
  • Audit framework (general audit steps)
  • Audits – planning, scope, objectives, testing
  • Audit reports, audit opinions, audit risk assessments
• PART 3 – Tools and Techniques
  • Board Risk Oversight - NACD
  • The Board 20 Questions Risk Management - CICA
  • COSO ERM Framework - COSO
  • Management reporting of risk program and risk program plans/results
  • Emerging practices – ISO 31000
  • Recent research efforts – CICA, Risk Oversight, etc
• Part 4 – Resource Summaries
  • NACD
• CICA
• IIA
• ISACA
• ISO31000
• COSO
• Frameworks
• Leading web site resources

Instructor Profile:

Dan Swanson, President of Dan Swanson and Associates, Ltd., is a 25-year internal audit veteran, who was the Director of Professional Practices at the Global Office of the Institute of Internal Auditors (IIA). Prior and subsequent to the IIA, Swanson was an independent management consultant for more than 15 years. He has completed audit projects for more than 30 different organizations, spending almost 10 years in government auditing, at the federal, provincial, and municipal levels, and the rest in the private sector, mainly in the financial services, transportation, and health sectors.

Swanson led the writing of the OCEG internal audit guide for use in auditing GRC programs and also participated in the SEC sponsored COSO small business task force efforts to provide guidance for small to medium public companies regarding internal control over financial reporting. The author of more than 200 articles on internal auditing and other management topics, Swanson is currently an independent management consultant and freelance author. Dan published his first book in 2010, entitled SWANSON on Internal Auditing - Raising the Bar!

Module 5 : Accounts Payable Fraud - Detecting and Preventing AP Fraud (Duration: 90 minutes)

This 90-minute webinar will guide you through the critical steps in ensuring strong controls for the accounts payable (AP) function and provide practical 'how to' guidance for minimizing your organization’s exposure to AP fraudsters.

Areas Covered in the Webinar:

INTRODUCTION

• Statistical overview of the fraud problem
• Who commits fraud
• Why employees commit fraud (The Fraud Triangle)
• Lessons from fraudsters

COMMON TYPES OF AP FRAUD TODAY

• Vendor/billing fraud schemes
• Check fraud and tampering
• ACH fraud
• Fraudulent AP financial reporting
• Kickbacks/bribery
• Conflicts of interest
• P-Card fraud

RED FLAGS OF AP FRAUD

• Conducting a Fraud Risk Assessment and Recognizing the Red Flags of Internal Fraud
• The Fraud Risk Mitigation Cycle
• Implementing an organization-wide system for detecting, preventing and investigating fraud

FRAUD DETECTION

• How Frauds Are Most Often Detected
• Additional General Detection Methods
• Data Mining/Analytics  for fraud detection
• Examples of Fraud Audit Techniques at Work

ANTI-FRAUD CONTROLS FOR AP

• Internal Controls and Other Fraud Prevention Measures:
• Who Should Manage Anti Fraud Activities for AP
• Internal Controls: Do's and Don'ts
• General controls: Segregation of Duties, Delegation of Authority, Background Investigation
• Specific AP Operations-Level Controls.

Instructor Profile:

Peter Goldmann, has 25 years of experience as a business journalist and trainer, having launched, edited and published numerous business trade periodicals covering small business, international trade, management strategy, banking and personal finance. He is a Certified Fraud Examiner (CFE) and a member of the Editorial Advisory Committee of the Association of Certified Fraud Examiners (ACFE) as well as an active member of the Institute of Internal Auditors, the High-Tech Crime Investigation Association and the IOFM Controller Certification Advisory Board. He is a regular columnist for the ACFE’s newsletter, The Fraud Examiner and is a frequent contributor to other leading industry publications on anti-fraud topics. He has appeared on Fox Business News, The Wall Street Journal This Morning, The New York Times and Internal Auditor magazine. Peter Goldmann is president of White-Collar Crime 101 LLC, the publisher of White-Collar Crime Fighter, a widely read monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and fraud investigators. Peter is the author of Fraud in the Markets: Why it Happens and How to Fight It, published by John Wiley & Sons, as well as four other anti-fraud books. Peter also developed FraudAware, a leading fraud awareness training program.

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