Jul 18, 2024
This 2-part webinar will discuss the requirements for a financial institution when management is required to assess risk and the effectiveness of the bank’s system of internal controls over financial reporting. Enterprise risk management will be covered to provide participants with an overview of this very important risk management function.
Management is responsible for preparing financial statements in accordance with U.S. GAAP. In taking responsibility for the preparation of financial statements, management both implicitly and explicitly asserts that the financial statements:
Management is also responsible for assessing risk across the enterprise and maintaining an adequate system of internal controls to manage risk and ensure accurate financial reporting, including the safeguarding of assets against unauthorized use, disposition or acquisition.
Internal control risk assessment systems, or frameworks, are guided by concepts developed to provide a level of assurance that the controls established will prevent or detect errors or fraud that would cause the financial statements to be misstated and therefore not providing reliable, accurate and complete information.
Internal Controls over Financial Reporting - Part 2
July 18, 2024 | 2:30 pm - 4:30 pm EST
Included Webinars
Part 2 will focus on the development of risk and control matrices and how to identify key controls, secondary controls and operating controls. Also covered in Part 2 will be the financial statement assertions that management’s system of internal controls should be designed to support.
Examples and exercises on how to apply financial statement assertions to common banking transactions and sample risk and control matrices will be provided.
Roles
Who Should Attend
Individuals seeking to understand management’s responsibility for financial reporting under U.S. GAAP, to include assessing risk across the enterprise, and how to build a framework for documenting and monitoring a bank’s system of internal controls, to include members of management, the board of directors, members of the accounting and internal audit departments.
Ms. Dopjera, a Certified Public Accountant, has 40 years of experience focused on accounting and regulatory reporting for financial institutions. During the first 18 years of her career, Ms. Dopjera held various positions with responsibility across all operational areas, including accounting, internal audit, Call Report preparation and review while working for community as well as regional banks.
In 2000, Ms. Dopjera joined the public accounting firm of Harper & Pearson Company, P.C., where she served as practice leader for the firm's financial institutions practice covering community and regional institutions.
$549.00 or 2 Tokens
Available Upgrades
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380