Video: Governance and Culture

In this lesson, Nick Palazzolo, CPA, unpacks the critical concepts of governance and culture as integral actions within an organization's framework, echoing key ideas from previous discussions on the COSO framework. By iterating the necessity for a well-defined culture and robust board oversight, Nick underscores the board's role in strategy and the enforcement of corporate values through a code of conduct. He also reiterates the importance of cultivating and retaining competent employees and touches on how organizations can design their operational structures to align with desired outcomes, such as choosing between commission-based or salary-based pay for employees, to best support their strategic goals.

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Identify Risk During Planning
Module: 5 Concepts, 62 Videos
Fraud & General Risk at All Levels Overview
0:22
Fraud & General Risk at All Levels Objectives
1:19
Introduction to Fraud and General Risk at All Levels
2:04
The Fraud Triangle
13:56
Separation of Duties
3:50
Management Fraud
6:08
Auditor's Responsibility in Detecting Fraud
2:48
Fraud Brainstorming
2:20
Assessing Fraud Risk
15:52
Responses to Risk
1:54
The Combined Approach to Auditing
8:10
Fraud & General Risk at All Levels Summary
0:52
Fraud & General Risk at All Levels Practice Questions
12:32
Audit Risk Overview
0:40
Audit Risk Objectives
1:38
Introduction to Audit Risk
2:01
Audit Risk Formula
8:25
Inherent Risk, Control Risk, and Detection Risk
5:41
Types of Misstatements
1:03
Audit Risk Relationships
5:58
Audit Approach
6:23
Audit Risk Summary
1:19
Audit Risk Practice Questions
13:02
Internal Control Frameworks Overview and Objectives
3:45
Introduction to Internal Control Frameworks
5:36
Corporate Structure
2:01
Components of the COSO Internal Control Integrated Framework
6:58
Control Environment
4:46
Risk Assessment
1:46
Information and Communication
1:08
Monitoring
1:27
Existing Control Framework
1:27
Internal Control - Segregation of Duties
3:40
Internal Control Frameworks Summary
1:17
Internal Control Frameworks - Practice Questions
22:14
Enterprise Risk Management Overview and Objectives
2:03
Introduction to Enterprise Risk Management
4:12
Components of the ERM Framework
3:57
Governance and Culture
1:18
Strategy and Objective-Setting
1:24
Review and Revision
1:09
Performance
1:09
Responses to Risk
5:11
Information, Communication and Reporting
1:22
The Value Cycle
3:12
Residual Risk
1:39
Corporate Mission, Vision and Core Values
1:51
Reasons for Committing Fraud
2:05
Segregation of Duties
4:58
Types of Internal Controls
3:52
Enterprise Risk Management Summary
1:30
Enterprise Risk Management - Practice Questions
12:54
The Sarbanes–Oxley Act of 2002 Overview and Objectives
1:18
Introduction to The Sarbanes–Oxley Act of 2002
5:28
SOX 2002 Penalties
2:27
Goals of SOX 2002
1:59
Audit Committee
7:59
Whistleblower Protections
1:26
Management Requirements
5:07
Conflict of Interest Provisions
2:44
The Sarbanes–Oxley Act of 2002 Summary
1:44
Sarbanes–Oxley - Practice Questions
8:39