COSO 2013 – Information & Communication Component
Focus on the Information and Communication Component CPE = 1
Information & Communication is necessary for the entity to carry out internal control responsibilities to support the achievement of objectives. Management generates and uses relevant and quality information from both internal and external sources to support the functioning of internal control. Communication is considered a continual and iterative process of providing, sharing and obtaining necessary information. Information and Communication is the fourth component in the COSO framework.
- Control Environment
- Risk Assessment
- Control Activities
- Information & Communication
- Principle 13: The organization uses relevant information. (5 POF)
- Principle 14: Internal communication is effective. (4 POF)
- Principle 15: External communication is sufficient. (5 POF)
- Points of Focus that support the principles of Information & Communication.
- Exploring how to utilize these points of focus most efficiently in your transition process.
- Design of principles vs. execution – understanding the critical difference.
- How the Information & Communication component connects to the other four components of COSO.
Delivery Method: Self Study
Consultant, CPA, CGMA, CRMA, MBA, Past Chief Audit Executive
Business Consultant, Trainer, Author
Ms. Fountain has over 40 years of experience in the business profession, which includes public and industry accounting and over 20 years within internal and external auditing combined. She is a nationally recognized trainer and speaker and also a published author. She is a subject matter expert and specializes in Internal Audit, Sarbanes-Oxley, Enterprise Risk Management, Fraud, Governance and Compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. She currently performs consulting for companies on internal audit, risk management, internal controls, SSAE 18, financial reporting and accounting along with performing training. She has also been instrumental in the establishment of ERM, Sarbanes-Oxley and Governance frameworks.
Ms. Fountain has authored a publication for the Institute of Internal Auditors Research Foundation (IIARF) titled “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations”. The publication will be released April 20, 2015. In addition, she is authoring a publication for Auerbach on “The Realities of performing the Chief Audit Executive Role”. The publication will be released in the Fall 2015. In addition, she has performed as an adjunct instructor for the School of Business for Grantham University and 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 active, current CPA, CGMA, and CRMA credentials.