Building a Strong System of Internal Controls in Your Government
Event Details
| Registration | Register Online |
| Date | Tuesday, May 20, 2025
Save to your calendar |
| Time | 8:00am |
| Location |
NIU Naperville 1120 E. Diehl Road Naperville, IL 60563 Map and directions |
| Delivery Method | In Person |
| Field of Study | Auditing (Governmental) – Technical (7.5 hours) |
| NASBA CPE | Earn 7.50 CPE Hours |
| Contact | IGFOA info@igfoa.org |
Event Cost
| Type | Before 5/19/2025 |
|---|---|
| Members | $ 125.00 |
| Government / Partner Colleagues | $ 135.00 |
| Non-members | $ 150.00 |
Event Description
A strong system of internal controls is not only a deterrent to fraud but also supports greater efficiency and legal compliance. This seminar addresses the importance of internal controls as defined by the COSO (Committee of Sponsoring Organizations) framework. It equips the participant to understand the components of a superior system and how to apply these principles to improve the current control environment within their organization.
The seminar is organized around the five interrelated components of COSO: control environment, risk assessment, control activities, information and communication and monitoring and will specifically address issues of separation of duties and controls related to accounts payable/cash disbursements, cash receipts, payroll and capital spending including procurement and receiving.
Speakers:
Anthony Cervini, CPA, CFE Principal, Local Government Audit Leader, Sikich
Mary O’Connor, ASA, CRE, CMI, CFE Principal, Forensic and Valuation Services, Sikich
Jennifer Paprocki, CPRP, Executive Director, Fox Valley Park District
Learning Objectives:
Participants completing this session will be able to:
- Define internal control and understand the five components of an effective internal control system;
- Enhance control documentation over significant transaction classes by using COSO as a guide to the internal control framework;
- Understand the principle of separation of duties and the functions it means to separate;
- Understand risk assessment and the role of the finance and management professionals and elected officials in the process;
- Develop a monitoring plan using internal audit concepts; and
- Collaborate with other local government finance professionals to apply COSO standards to your government’s current control system.
Delivery Method: Group-Live
Program Level: Overview
Prerequisites: No prerequisites required
Advanced Preparation: No advanced preparation required
Field of Study: Auditing (Governmental) – Technical
Earn About 7.5 CPE credit
Registration & Cancellation Policy
Registrations are accepted on a first-in, first registered basis. Payments by check should be mailed in advance or made at time of registration by credit card.
Cancellation of an event registration is subject to the following policy:
- No refunds will be given for cancellations the day of the event and no shows.
- For IGFOA event registration cancellations five (5) business days or more prior to an event, refunds will be offset by a $20 cancellation fee.
- For IGFOA event registration cancellations within five (5) business days of the training, refunds will be offset by a cancellation fee of 50% of the registration fee.
- A substitute attendee may be designated provided that the payment has been made and the IGFOA office has been notified in advance.
- Cancellation policy for chapter events may differ from this policy at the chapters’ discretion.
- A written request for a refund must be emailed to the IGFOA prior to the event.
By submitting this registration, the applicant agrees to the registration and cancellation policy above.
IGFOA reserves the right to modify the agenda and/or speakers, cancel the training due to low enrollment, or to close registration if full. Should IGFOA cancel an event, cancellation notice will be sent to the email address provided by each registrant and prominently posted at the IGFOA website page announcing the event.
If you have questions about the cancellation and refund policy, your membership, or a complaint, please contact IGFOA at info@igfoa.org. The IGFOA reserves the right to apply the non-member fee to any individual or government that has not paid dues for the current year.
Approved by the National Registry of CPE Sponsors
CPE Registry Illinois Government Finance Officers Association (IGFOA) 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.