Description

Spread knowledge about internal control in your organization

Does your organization perform a risk assessment to consider risk related to fraudulent financial reporting, management override, potential loss of assets and corruption?

What is the role of the CFO and others in the financial management organization in enterprise risk management?

How does your organization define a significant deficiency in internal control?

How is the risk management framework linked to your organizations overall assurance framework?

Does management have suitable monitoring processes in place to assess whether controls across the entire control framework are present and functioning as intended?

...Find the answers to these, and more, questions with this COSO Internal Control Toolkit:

Rate the occurrence of internal control breaches in your organization.
Relate your internal control system to service delivery.
Use the illustrative tools for assessing effectiveness of a system of internal control.
Evaluate the effectiveness of internal control.
Identify risks in your organization.
Diagnose the cultural landscape of your organization.
Get assurance over the effectiveness of your IT controls.
Integrate your ERM approach with your strategic planning process.
Know the Internal Audit function is effective.

HOW THIS TOOLKIT WORKS:

Save time, empower your teams and effectively upgrade your processes with access to this practical COSO Internal Control Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any COSO Internal Control related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated COSO Internal Control specific requirements:

STEP 1: Get your bearings

Start with...

The latest quick edition of the COSO Internal Control Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 996 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which COSO Internal Control improvements can be made.

Examples; 10 of the 996 standard requirements:

Can the independent auditor issue a report to management or the audit committee indicating that no significant deficiencies were noted during an audit of internal control over financial reporting?
How does a lag in reporting of the financial results by certain foreign subsidiaries for financial reporting purposes affect the assessment of internal control over financial reporting?
Does the process owner continuously anticipate, identify and react to routine events and changing circumstances and conditions that could affect the achievement of process objectives?
How does your organization determine the right amount of risk for the value it is trying to create for stakeholders, and how should it communicate its risk policy to stakeholders?
Can the external auditor use the work of the internal audit function and others for purposes of performing an audit of internal control over financial reporting?
Is it at least reasonably likely that the critical functionality could fail without prompt detection and result in the failure to achieve the business objective?
What is managements responsibility for changes in internal controls that could affect the adequacy of internal controls after the date of managements assessment?
What constitutes a change in internal control over financial reporting and how is materiality considered for purposes of evaluating the effects of changes?
Is your organization monitoring controls at a cost, effort or organizational level that is inconsistent with the amount of risk the controls mitigate?
How and when should the audit committee be involved in managements evaluation process and in the independent public accountants attestation process?

Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

The workbook is the latest in-depth complete edition of the COSO Internal Control book in PDF containing 996 requirements, which criteria correspond to the criteria in...

Your COSO Internal Control self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

The Self-Assessment Excel Dashboard; with the COSO Internal Control Self-Assessment and Scorecard you will develop a clear picture of which COSO Internal Control areas need attention, which requirements you should focus on and who will be responsible for them:

Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
Gives you a professional Dashboard to guide and perform a thorough COSO Internal Control Self-Assessment
Is secure: Ensures offline data protection of your Self-Assessment results
Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:

STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage COSO Internal Control projects with the 62 implementation resources:

62 step-by-step COSO Internal Control Project Management Form Templates covering over 1500 COSO Internal Control project requirements and success criteria:

Examples; 10 of the check box criteria:

Requirements Management Plan: What information regarding the COSO Internal Control project requirements will be reported?
Risk Management Plan: What are some questions that should be addressed in a risk management plan?
Team Member Performance Assessment: To what degree is the team cognizant of small wins to be celebrated along the way?
Procurement Audit: Are information technology resources (e-procurement) used to reduce costs?
Probability and Impact Assessment: Do you have specific methods that you use for each phase of the process?
Lessons Learned: How well did the scope of the COSO Internal Control project match what was defined in the COSO Internal Control project Proposal?
Activity List: How should ongoing costs be monitored to try to keep the COSO Internal Control project within budget?
Activity List: Are the required resources available or need to be acquired?
Change Request: What type of changes does change control take into account?
Cost Management Plan: Contractors scope how will contractors scope be defined when contracts are let?

Step-by-step and complete COSO Internal Control Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

1.1 COSO Internal Control project Charter
1.2 Stakeholder Register
1.3 Stakeholder Analysis Matrix

2.0 Planning Process Group:

2.1 COSO Internal Control project Management Plan
2.2 Scope Management Plan
2.3 Requirements Management Plan
2.4 Requirements Documentation
2.5 Requirements Traceability Matrix
2.6 COSO Internal Control project Scope Statement
2.7 Assumption and Constraint Log
2.8 Work Breakdown Structure
2.9 WBS Dictionary
2.10 Schedule Management Plan
2.11 Activity List
2.12 Activity Attributes
2.13 Milestone List
2.14 Network Diagram
2.15 Activity Resource Requirements
2.16 Resource Breakdown Structure
2.17 Activity Duration Estimates
2.18 Duration Estimating Worksheet
2.19 COSO Internal Control project Schedule
2.20 Cost Management Plan
2.21 Activity Cost Estimates
2.22 Cost Estimating Worksheet
2.23 Cost Baseline
2.24 Quality Management Plan
2.25 Quality Metrics
2.26 Process Improvement Plan
2.27 Responsibility Assignment Matrix
2.28 Roles and Responsibilities
2.29 Human Resource Management Plan
2.30 Communications Management Plan
2.31 Risk Management Plan
2.32 Risk Register
2.33 Probability and Impact Assessment
2.34 Probability and Impact Matrix
2.35 Risk Data Sheet
2.36 Procurement Management Plan
2.37 Source Selection Criteria
2.38 Stakeholder Management Plan
2.39 Change Management Plan

3.0 Executing Process Group:

3.1 Team Member Status Report
3.2 Change Request
3.3 Change Log
3.4 Decision Log
3.5 Quality Audit
3.6 Team Directory
3.7 Team Operating Agreement
3.8 Team Performance Assessment
3.9 Team Member Performance Assessment
3.10 Issue Log

4.0 Monitoring and Controlling Process Group:

4.1 COSO Internal Control project Performance Report
4.2 Variance Analysis
4.3 Earned Value Status
4.4 Risk Audit
4.5 Contractor Status Report
4.6 Formal Acceptance

5.0 Closing Process Group:

5.1 Procurement Audit
5.2 Contract Close-Out
5.3 COSO Internal Control project or Phase Close-Out
5.4 Lessons Learned

Results

With this Three Step process you will have all the tools you need for any COSO Internal Control project with this in-depth COSO Internal Control Toolkit.

In using the Toolkit you will be better able to:

Diagnose COSO Internal Control projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
Implement evidence-based best practice strategies aligned with overall goals
Integrate recent advances in COSO Internal Control and put process design strategies into practice according to best practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make COSO Internal Control investments work better.

This COSO Internal Control All-Inclusive Toolkit enables You to be that person.

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.

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Checklists:

Checklists:COSO Internal Control Checklist Report on BUSINESS.pdf

Checklists:COSO Internal Control Checklist Report on RISK.pdf

Checklists:COSO Internal Control Checklist Report on CONTROL.pdf

Checklists:COSO Internal Control Checklist Report on MANAGEMENT.pdf

Checklists:COSO Internal Control Checklist Report on ORGANIZATION.pdf

Checklists:COSO Internal Control Checklist Report on AUDIT.pdf

Checklists:COSO Internal Control Checklist Report on SYSTEM.pdf

Checklists:COSO Internal Control Checklist Report on WORK.pdf

Checklists:COSO Internal Control Checklist Report on PROCESS.pdf

STEP 1 Get your bearings:

STEP 1 Get your bearings:COSO Internal Control Self-Assessment Pre-Filled EXAMPLE.xlsx

STEP 1 Get your bearings:COSO_Internal_Control_Quick_Exploratory_Self-Assessment_Guide.pdf

STEP 2 Set concrete goals tasks dates and numbers you can track:

STEP 2 Set concrete goals tasks dates and numbers you can track:COSO_Internal_Control.pdf

STEP 2 Set concrete goals tasks dates and numbers you can track:COSO Internal Control Self-Assessment.xlsx

..and the Project Management resources in 'STEP 3: Implement, Track, follow up and revise strategy' as described above.

Who This Toolkit Is For

This Toolkit is specifically designed for professionals who want to get results or those who want to sell more of their products and services such as…

Coaching or Consulting
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Done-for-you Services

Bottom line, if you are managing high-end products and services, this toolkit will help you know more, see more and sell more - as well as train your people and co-workers to do so.

If you are a professional who wants to level-up, this Toolkit will help you do exactly that. And if you ever decide to launch products or services, this Toolkit will give you the skills that will not only serve you today as a professional but also in the future as an entrepreneur.

These skills will enrich every part of your life.

Are you ready to get started?

Are you clear on what you are struggling with, want to figure out what the problem is, diagnose it, and get a solution? The solution is something this Toolkit can provide, and we believe it can solve your problem, but you have to decide if you want to become a part of it or not.

Decision Making:

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You are here because we have a great reputation in the space, and you specifically want this Toolkit to help you, but why now, why is it so important to solve this right now?

The answer to this question is your REAL pain:

Why do you think this problem exists?
What have you tried to fix it?
How long has this been a problem?
Is this problem affecting your life in other ways, and how?

Tried:

What have you tried so far to fix this? Is there pain of frustration to solve this all on your own?

This Toolkit gives you your proven advisor, an advisor the vast majority of professionals do not use, because they do not know it exists. If you have tried Toolkits before, so have everyone else of our 200.000 clients. Once they use this Toolkit, they are shocked as to how they quickly get results.

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This toolkit will give you the exact quantifiable metrics in your situation; identifying where exactly you are in the journey to solving your problem and what that looks like.

Where do you want to be, what is your desired situation: if you were to use this Toolkit, where would you want to be 12 months from now to feel like the investment was more than worth it? Make sure you set realistic expectations.

Why:

What is driving you to achieve that goal? How would that affect you or change your life. What would that look like.

The reason WHY you want something always comes down to either love or status - have clarity on your WHY.

Ownership:

What is stopping you from achieving this all on your own without any help? If your answer is one of these three answers, this Toolkit is right for you:

I do not know how to do it
I want to follow a proven process from someone that has already done it
I want to get there faster

Commitment:

When are you wanting to fix this? If the answer is now; how committed are you to making that happen? Will you do the work? Will you take action? Will you show leadership?

The fact is, it is never a good time, it is never a good time to start a new program, and it is never a good time to fix a major problem. And even if you think a later time is a good time, you know something will come up. Life will keep happening. If you truly want to solve this problem, would you agree you have to commit to solving it even when it is not the perfect time?

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Which would you like to do?

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