COSO 2013 – Information & Communication Component

Field: Auditing | Delivery Method: Self Study | CPE Hours: 1.0

  Enroll in Course

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.

COSO 2013 maintained the same five components previously identified within the 1992 framework. These include:
  • Control Environment
  • Risk Assessment
  • Control Activities
  • Information & Communication
  • Monitoring
This COSO training course is designed to focus on the Information and Communication component and the three separate principles that support this component.
Information and Communication stands at the heart of any company. It incorporates not just verbal communication but also a company’s IT infrastructure.
  • 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)
The course dissects the three principles and important concepts that companies need to understand and support in order to prove that the principles are in place and functioning. We also discuss concepts related to mapping the principles to controls within the organization.
Management and the external auditors must understand each of these principles and be able to adequately support that they exist, are appropriately designed and functioning. In addition, the components must effectively work in combination to provide for a positive attestation to internal controls.
Lesson Objectives
  • 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.

Field: Auditing
CPE: 1
Delivery Method: Self Study
Format: Video

Your Instructor

Lynn Fountain
Lynn Fountain

Consultant, CPA, CGMA, CRMA, MBA, Past Chief Audit Executive

Business Consultant, Trainer, Author

Ms. Fountain has over 40 years of experience spanning public accounting, industry accounting and consulting. Sixteen years of that experience has been in the field of internal audit, risk managment and process improvement. She is well adept to assist your organization evaluate business strategy, perform risk assessments, establish a Sarbanes-Oxley process, synergizing internal audit processes or perform process improvement projects.

As a past corporate executive Lynn has a passion for working with professionals to enhance their processes and provide leading edge education. She has authored and delivered hundreds of training courses for accounting, finance and audit professionals. Her training is filled with not just theory but real world application.

Ms. Fountain has authored three technical publications:

-Leading the Internal Audit Function 

-Raise the Red Flag

-Ethics and the Internal Auditor's political dilemma

Lynn is a recognized leader in the internal audit profession as well as a recognized business professional.  

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.

Course Curriculum

  COSO 2013 – Information & Communication Component
Available in days
days after you enroll

Frequently Asked Questions

When does the course start and finish?
The course starts now and never ends! It is a completely self-paced online course - you decide when you start and when you finish.
How long do I have access to the course?
How does lifetime access sound? After enrolling, you have unlimited access to this course for as long as you like - across any and all devices you own.
What if I am unhappy with the course?
We would never want you to be unhappy! If you are unsatisfied with your purchase, contact us in the first 30 days and we will give you a full refund.

Get started now!