Welcome to the North Penn Chapter of the Institute of Management Accountants
 
The IMA is the leading professional organization devoted exclusively to management accounting and financial management professionals.
 

 
 
Please join us at our next meeting
 
Tuesday, September 23, 2014
(4th Tuesday this month)
 

Importance of Good Internal Controls

 

Rose Hartle, CPA - Baum, Smith, & Clemens LLP

 
 
 
 
 
 
 
 
 

 
 
Fred Foley, CPA - Baum, Smith, & Clemens LLP

 

 

 

 

 

 

            

In May 2014, the Committee of Sponsoring Organizations (COSO) released its updated guidance.  COSO is a voluntary private-sector initiative dedicated to improving organizational performance and governance through effective internal control, enterprise risk management, and fraud deterrence.  We will be discussing the five principles of the framework:

Control Environment

Risk Assessment

Control Activities

Information & Communication

Monitoring Activities

 and recommended best practices.  We will also be discussing statistics in regard to fraud, the profile of the fraudster, warning signs and some real case examples of fraud.

 
 

Visit the Meetings page for details and how to register.

 

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