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Saturday, December 30, 2023 Live Webcast

Understanding Internal Control Constructs (X2-39899)

9:00 AM - 1:00 PM EST
webcast

Vendor Platform

4 CPE Credits in AA

OVERVIEW

Organizations of all sizes often fail to successfully install needed foundational components of an internal control system. Whether large or small, entities must view policies, procedures, and all controls in a wholistic manner in order to develop a system of controls that will keep the entity on its intended course.

DESIGNED FOR

Accounting and other business professionals that would benefit with greater understanding of internal control.

BENEFITS

After attending this presentation, you will be able to...

  • Distinguish key internal control concepts, including the four types of internal control: preventive, detective, deterrent and compensating
  • Determine how each control becomes a piece of an overall internal control structure
  • Identify both organization-wide measures as well as more segmented controls and how these must co-exist

HIGHLIGHTS

The major topics covered in this course include:

  • Underlying concepts of internal control
  • The importance of control measure interdependency

COURSE LEVEL

Intermediate

PREREQUISITES

A basic understanding of Internal Control concepts

ADVANCE PREPARATION

None

INSTRUCTOR

Karl Egnatoff

Karl W. Egnatoff, CPA, CITP

Phoenix Beach, LLC

Karl Egnatoff is a Certified Public Accountant (CPA) currently living in Myrtle Beach, South Carolina. During the past 22 years Mr. Egnatoff has worked as a consultant, trainer and as a software engineer while engaged on projects for business organization of all types. Prior to this, Karl worked in public accounting as well as in private sector accounting for a period of approximately six years. Before partnering with Pat Garverick to form Phoenix Beach in 2015, Karl presented and created material in association with other quality CPE organizations for approximately seven years. In addition to being a CPA, he is also a Certified Information Technology Professional (CITP). During the course of his career, Mr. Egnatoff has owned and operated a number of successful businesses. All of these provided services to other organizations in the business community. The experience he garnered while serving these organizations helps him now as he writes and presents continuing professional education through Phoenix Beach. Mr. Egnatoff is a member of the West Virginia Society of Certified Public Accountants, the American Institute of Certified Public Accountants, and the Information Technology Section of the American Institute of Certified Public Accountants. He has also achieved a number of technology certifications including Microsoft Certified Professional (MCP), Certified Software Engineer (CSE) and Certified Integration Developer (CID). Karl graduated from Marshall University with a Bachelor of Business Administration degree. During his time in college, he participated in division I Cross County competing on the varsity squad. He was also on Marshall’s Track team. Karl and his wife Lana have been married for twenty-seven years. They have two grown sons, Jordan and Steven.