Introduction to Internal Control COSO Framework | Principles of Internal Control | CPA Exam ch 6 p

Internal control is all of the policies and procedures management uses to achieve the following goals. Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.
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Пікірлер: 33

  • @the_learner12
    @the_learner123 жыл бұрын

    Sir, I have been in this profession over 30 years. You have the gift of being able to make difficult concepts understandable. Thank you.

  • @AccountingLectures

    @AccountingLectures

    3 жыл бұрын

    You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/courses ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com

  • @DB-hf7di
    @DB-hf7di8 ай бұрын

    This is a very good overview explaining the history and concepts which are often overlooked in other explanations of how we arrived at the COSO framework

  • @nadialandas8420
    @nadialandas84204 ай бұрын

    THANK YOUUUUUUU taught me more than a whole half of a semester of this class

  • @AccountingLectures

    @AccountingLectures

    4 ай бұрын

    You are welcome! Thank you and please visit the website for more farhatlectures.com/ Start your free trial!

  • @chinguinator
    @chinguinator Жыл бұрын

    Great job brother!

  • @molokoronaldraphadu3074
    @molokoronaldraphadu30744 жыл бұрын

    Brilliant! Thanks prof😊🙌

  • @AccountingLectures

    @AccountingLectures

    4 жыл бұрын

    You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com

  • @ButterflyMA1028
    @ButterflyMA1028 Жыл бұрын

    you are a godsent!

  • @ntcuong01ct1
    @ntcuong01ct13 жыл бұрын

    Hello friends, I have a few questions: 1 / What is the difference between COSO internal control and ERM ?. 2 / Why and When a company should implement ERM instead of internal control ?.

  • @sassharongholt4947
    @sassharongholt49472 жыл бұрын

    Thank you simplifying items so well.

  • @AccountingLectures

    @AccountingLectures

    2 жыл бұрын

    Most welcome. Please connect with me: linktr.ee/farhatlectures

  • @rishirabindranath7454
    @rishirabindranath74543 жыл бұрын

    Thankyou so much, your explanation helped me a lot

  • @AccountingLectures

    @AccountingLectures

    3 жыл бұрын

    Glad it helped! Here's my auditing resources

  • @yisausman4955
    @yisausman4955 Жыл бұрын

    Excellent delivery, well articulated. Your Dixon is great. But pls look into the audio volume. And a bit of noise from your background. Thanks for the rich content.

  • @AccountingLectures

    @AccountingLectures

    Жыл бұрын

    Thanks, will do! And please visit the website for more farhatlectures.com/

  • @ddg8757
    @ddg8757 Жыл бұрын

    Explained in a great way

  • @AccountingLectures

    @AccountingLectures

    Жыл бұрын

    Thank you and please visit the website for more farhatlectures.com/

  • @hadimaleh3762
    @hadimaleh37623 жыл бұрын

    Amazing!

  • @AccountingLectures

    @AccountingLectures

    3 жыл бұрын

    Most welcome. Here's the link for my auditing course: farhatlectures.pathwright.com/library/auditing-and-attestation-awtel/about/

  • @zotliv
    @zotliv2 жыл бұрын

    Well explained sir

  • @AccountingLectures

    @AccountingLectures

    2 жыл бұрын

    Keep watching. Please connect with me: linktr.ee/farhatlectures

  • @DB-hf7di
    @DB-hf7di8 ай бұрын

    the first thing that should be explained with internal control is why it's called internal vs external and explain this difference and then proceed.

  • @FaRhAnAli-jagrsgB10DtAD
    @FaRhAnAli-jagrsgB10DtAD2 жыл бұрын

    Good name Nd taugh lecture s

  • @AccountingLectures

    @AccountingLectures

    2 жыл бұрын

    Thanks and welcome. Here's my BEC resources: farhatlectures.pathwright.com/library/?category=CPA+Exam+BEC

  • @sherinefahmy3114
    @sherinefahmy3114 Жыл бұрын

    Thank you so much ❤

  • @AccountingLectures

    @AccountingLectures

    Жыл бұрын

    Thank you and please visit the website for more farhatlectures.com/

  • @The7Immortals
    @The7Immortals5 ай бұрын

    What are these 7 principles of IC in contrast to 17 principles mentioned in COSO 2013 Framework? These 7 sounds good but what is the basis for these? Pls explain.

  • @Chibby-Chubby
    @Chibby-Chubby3 жыл бұрын

    I learn more in Accounting KZread channels than in my own school, and that botters me since I am taking loan to pay fo them.

  • @AccountingLectures

    @AccountingLectures

    3 жыл бұрын

    Most we3lcome. Here's my auditing course: farhatlectures.pathwright.com/library/auditing-and-attestation-awtel/about/

  • @limbudikson
    @limbudikson3 жыл бұрын

    Thank you

  • @AccountingLectures

    @AccountingLectures

    3 жыл бұрын

    You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com

  • @mirthaorihuela9591
    @mirthaorihuela95919 ай бұрын

    I disagree with your comment of student efficiency. Many factors include in student results of an exam. Like back ground, experience, language, and more, not just hours invested in studying