Save time, empower your teams and effectively upgrade your processes with access to this practical COSO Internal Control Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any COSO Internal Control related project.
Download the Toolkit and in Three Steps you will be guided from idea to implementation results.
The Toolkit contains the following practical and powerful enablers with new and updated COSO Internal Control specific requirements:
STEP 1: Get your bearings
Start with...
- The latest quick edition of the COSO Internal Control Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.
Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…
- Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation
Then find your goals...
STEP 2: Set concrete goals, tasks, dates and numbers you can track
Featuring 991 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which COSO Internal Control improvements can be made.
Examples; 10 of the 991 standard requirements:
- How does a lag in reporting of the financial results by certain foreign subsidiaries for financial reporting purposes affect the assessment of internal control over financial reporting?
- Does the process owner continuously anticipate, identify and react to routine events and changing circumstances and conditions that could affect the achievement of process objectives?
- How does your organization determine the right amount of risk for the value it is trying to create for stakeholders, and how should it communicate its risk policy to stakeholders?
- Can the external auditor use the work of the internal audit function and others for purposes of performing an audit of internal control over financial reporting?
- Is it at least reasonably likely that the critical functionality could fail without prompt detection and result in the failure to achieve the business objective?
- What is managements responsibility for changes in internal controls that could affect the adequacy of internal controls after the date of managements assessment?
- How does your organization decide the significant areas to review for purposes of documenting and evaluating its internal control over financial reporting?
- What constitutes a change in internal control over financial reporting and how is materiality considered for purposes of evaluating the effects of changes?
- Is your organization monitoring controls at a cost, effort or organizational level that is inconsistent with the amount of risk the controls mitigate?
- How and when should the audit committee be involved in managements evaluation process and in the independent public accountants attestation process?
Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:
- The workbook is the latest in-depth complete edition of the COSO Internal Control book in PDF containing 991 requirements, which criteria correspond to the criteria in...
Your COSO Internal Control self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:
- The Self-Assessment Excel Dashboard; with the COSO Internal Control Self-Assessment and Scorecard you will develop a clear picture of which COSO Internal Control areas need attention, which requirements you should focus on and who will be responsible for them:
- Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
- Gives you a professional Dashboard to guide and perform a thorough COSO Internal Control Self-Assessment
- Is secure: Ensures offline data protection of your Self-Assessment results
- Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:
STEP 3: Implement, Track, follow up and revise strategy
The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage COSO Internal Control projects with the 62 implementation resources:
- 62 step-by-step COSO Internal Control Project Management Form Templates covering over 1500 COSO Internal Control project requirements and success criteria:
Examples; 10 of the check box criteria:
- Schedule Management Plan: Who is responsible for estimating the activity resources?
- Stakeholder Analysis Matrix: Participatory approach: how will key stakeholders participate in the COSO Internal Control project?
- Scope Management Plan: Does a documented COSO Internal Control project organizational policy & plan (i.e. governance model) exist?
- Executing Process Group: What will you do to minimize the impact should a risk event occur?
- Source Selection Criteria: What management structure does your organization consider as optimal for performing the contract?
- Schedule Management Plan: Does the time COSO Internal Control projection include an amount for contingencies (time reserves)?
- Procurement Management Plan: Have stakeholder accountabilities & responsibilities been clearly defined?
- Monitoring and Controlling Process Group: Have operating capacities been created and/or reinforced in partners?
- Planning Process Group: How well defined and documented are the COSO Internal Control project management processes you chose to use?
- Risk Audit: Do you have a clear plan for the future that describes what you want to do and how you are going to do it?
Step-by-step and complete COSO Internal Control Project Management Forms and Templates including check box criteria and templates.
1.0 Initiating Process Group:
- 1.1 COSO Internal Control project Charter
- 1.2 Stakeholder Register
- 1.3 Stakeholder Analysis Matrix
2.0 Planning Process Group:
- 2.1 COSO Internal Control project Management Plan
- 2.2 Scope Management Plan
- 2.3 Requirements Management Plan
- 2.4 Requirements Documentation
- 2.5 Requirements Traceability Matrix
- 2.6 COSO Internal Control project Scope Statement
- 2.7 Assumption and Constraint Log
- 2.8 Work Breakdown Structure
- 2.9 WBS Dictionary
- 2.10 Schedule Management Plan
- 2.11 Activity List
- 2.12 Activity Attributes
- 2.13 Milestone List
- 2.14 Network Diagram
- 2.15 Activity Resource Requirements
- 2.16 Resource Breakdown Structure
- 2.17 Activity Duration Estimates
- 2.18 Duration Estimating Worksheet
- 2.19 COSO Internal Control project Schedule
- 2.20 Cost Management Plan
- 2.21 Activity Cost Estimates
- 2.22 Cost Estimating Worksheet
- 2.23 Cost Baseline
- 2.24 Quality Management Plan
- 2.25 Quality Metrics
- 2.26 Process Improvement Plan
- 2.27 Responsibility Assignment Matrix
- 2.28 Roles and Responsibilities
- 2.29 Human Resource Management Plan
- 2.30 Communications Management Plan
- 2.31 Risk Management Plan
- 2.32 Risk Register
- 2.33 Probability and Impact Assessment
- 2.34 Probability and Impact Matrix
- 2.35 Risk Data Sheet
- 2.36 Procurement Management Plan
- 2.37 Source Selection Criteria
- 2.38 Stakeholder Management Plan
- 2.39 Change Management Plan
3.0 Executing Process Group:
- 3.1 Team Member Status Report
- 3.2 Change Request
- 3.3 Change Log
- 3.4 Decision Log
- 3.5 Quality Audit
- 3.6 Team Directory
- 3.7 Team Operating Agreement
- 3.8 Team Performance Assessment
- 3.9 Team Member Performance Assessment
- 3.10 Issue Log
4.0 Monitoring and Controlling Process Group:
- 4.1 COSO Internal Control project Performance Report
- 4.2 Variance Analysis
- 4.3 Earned Value Status
- 4.4 Risk Audit
- 4.5 Contractor Status Report
- 4.6 Formal Acceptance
5.0 Closing Process Group:
- 5.1 Procurement Audit
- 5.2 Contract Close-Out
- 5.3 COSO Internal Control project or Phase Close-Out
- 5.4 Lessons Learned
Results
With this Three Step process you will have all the tools you need for any COSO Internal Control project with this in-depth COSO Internal Control Toolkit.
In using the Toolkit you will be better able to:
- Diagnose COSO Internal Control projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
- Implement evidence-based best practice strategies aligned with overall goals
- Integrate recent advances in COSO Internal Control and put process design strategies into practice according to best practice guidelines
Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.
Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'
This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make COSO Internal Control investments work better.
This COSO Internal Control All-Inclusive Toolkit enables You to be that person.
Includes lifetime updates
Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.
