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Best-in-Class Internal Controls: Best Practices for Finance Professionals


Total Credits: 2 including 2 Auditing- Technical

Average Rating:
Not yet rated
Categories:
Partner Produced |  Accounting and Auditing
Faculty:
Lynn Fountain, CGMA, CRMA, MBA
Course Levels:
Intermediate
Duration:
2 Hours
License:
Expires 40 day(s) after program date.

Dates


Description

Strong internal controls are the foundation of financial integrity and operational efficiency. In this interactive two-hour session, finance professionals will explore best-in-class internal control frameworks and leading practices to mitigate risks, enhance compliance, and improve organizational performance. Participants will gain insights into designing, implementing, and monitoring internal controls that align with regulatory expectations and industry standards. This course will provide real-world examples and practical strategies to strengthen controls in key financial processes, ensuring a culture of accountability and transparency.

Basic Course Information

Learning Objectives
  • Identify key principles of effective internal controls and risk management
  • Evaluate best practices for implementing internal controls in financial operations
  • Assess internal control frameworks, including COSO and other industry standards
  • Develop strategies to enhance monitoring, documentation, and reporting of controls

Major Subjects
  • Define and explore the basic concepts, myths and facts of internal controls
  • Examine typical control types
  • Identify why controls fail
  • Identify a framework to develop the right balance of internal controls
  • Discuss Internal Controls in the Digital Age
  • Examine the variances and considerations of automated vs. manual controls
  • Evaluate the concept of IT controls

Course Materials

Faculty

Lynn Fountain, CGMA, CRMA, MBA Related Seminars and Products


Lynn Fountain has over 37 years of experience spanning public accounting, corporate accounting and consulting. 22 years of her experience has been working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. 

Ms. Fountain has held two Chief Audit Executive positions for international companies. In 2011, as the Chief Audit Executive for an international construction/ engineering firm, she was involved in the active investigation of a joint venture fraud.  The investigation included work with the FBI and ultimately led to indictment of the perpetrators and recovery of $13M.  Ms. Fountain is currently engaged in her own training and consulting business and is a regular trainer for the AICPA.

Ms. Fountain is the author of three separate technical books.  “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations” was published by the Institute of Internal Auditors Research Foundation. “Leading The Internal Audit Function” and “Ethics and The Internal Auditor Political Dilemma” were published by Taylor & Francis In addition,

Ms. Fountain has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas.  Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate (non-active).


Additional Info

Basic Course Information

Prerequisites

Basic knowledge of internal controls and financial processes


Advanced Preparation

None


Designed For

Accountants, Finance, Operational Professionals


Original Recording Date

05/29/2025


Yellow Book

No


Course Developer

MICPA


Date Added to Catalog

05/2025


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).


Official Registry Statement

Business Professionals' Network, Inc. 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


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.


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