Diving into the 2013 COSO Framework FGFOA潜入2013 COSO框架fgfoa.pptx

Diving into the 2013 COSO Framework Presented by: Ronald A. Conrad Objectives Obtain an understanding of why the COSO Framework has been updated Understand how the framework has changed Identify the Principles of the new framework and the associated Points of Focus Consider how the new Framework may affect your organization Discuss next steps to implement the new framework 2 General Definition of Internal Control Process for assuring achievement of objectives in operational effectiveness and efficiency, reliable reporting and compliance Everything that controls risks to an organization Means by which resources are directed, maintained and measured Important role in preventing and detecting fraud and protecting resources Continues to expand and change New controls address new ways of breaking old controls Enhancements of methodologies to address, such as COSO framework Fraud triangle 3 The Fraud Triangle 4 ?2012 by the Association of Certified Fraud Examiners, Inc. Internal Control---Fraud Detection Methods 5 Internal Control-New Draft Florida House and Senate Bill House and Senate Bills currently in draft form that will add a new subsection 3 to Florida Statute 218.33, requiring local governments to establish and maintain internal controls designed to: Prevent and detect fraud, waste and abuse Promote and encourage compliance with laws rules, contracts, grant agreements and best practices Support economic and efficient operations Ensure reliability of financial records and reports Safeguard assets 6 Internal Control for Grants----New Uniform Grant Guidance The new Super Circular requirements for grants provides that internal controls over grant compliance should be in compliance with Internal Control Integrated Framework’’, issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) 7 Uniform Grant FAQ 200.303-1 Question - Should vs Must and Internal Controls According to auditing standards, should really means must unl