Understanding and Creating an Internal Control System

8:30 am–4:15 pm ET

# of CPE Credits



Successful organizations, both large and small, must understand the importance of effect internal controls and be able to develop a system of controls that will keep the entity on its intended course. Moreover, those that design policies and procedures, benefit by knowing why control measures are necessary. This session sets forth internal-control concepts and explains the importance of strong internal-control policies. The material highlights some of the reasons that measures are needed and it also provides an overview of control-creation methods. Finally, it discusses ways to successfully implement the developed policies and procedures. Participants that take this course will gain a well-rounded understanding of internal control procedures of all types.


Once participants have completed this session, they should be able to * Understand key internal control concepts, including the four types of internal control—preventive, detective, deterrent, and compensating * Explain how they would create strong internal controls * List reasons that control measures are required such as to deter fraud or reduce operational inefficiencies * Explain the importance of the control environment as implementation efforts are ongoing * List three segments of an organizations technology infrastructure that must be controlled


* This session is taught via the use of case studies adapted from real-world examples * These studies effectively show participants successful entities that rely on their control structure to propel their prosperity as well as businesses that struggled or failed because proper controls were never instituted * The topics discussed in this session include * Underlying concepts of internal control * Defining where and why controls, policies, and procedures are needed * Legacy control measures that are still important for businesses today * Creating control measures that address the use and protection of technology

Who Should Attend

Accounting and other business professionals who would like to have an understanding of internal controls for business entities

Required Knowledge

A basic understanding of Internal Control concepts

Advanced Prep


Event Speaker(s)

Karl Egnatoff, CPA, CITP ( Taymes, LLC, Myrtle Beach, SC ),

Additional Event Information

Technical Support
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Also Available As

Tuesday, June 7, 2022 (8:30 am–4:15 pm ET)
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Tuesday, August 2, 2022 (8:30 am–4:15 pm ET)
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Wednesday, July 27, 2022 (8:30 am–4:15 pm ET)
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Friday, January 27, 2023 (8:30 am–4:15 pm ET)
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Friday, April 21, 2023 (8:30 am–4:15 pm ET)
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Level: Intermediate

Event Code:WB068422

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$260.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

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