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.

Create an account Get started free. No credit card required.
Prospective Analysis & Forecasting
Module: 4 Concepts, 49 Videos
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
Budgeting and Analysis Overview and Objectives
1:18
Budget Terms and Types of Budgets
7:47
Master Budget
1:08
Operating Budgets
14:18
Pro Forma Financial Statements
2:10
Capital Budget
1:18
Flexible Budgets
5:12
Cash Budget
4:03
Budgeting and Analysis Summary
1:15
Budgeting and Analysis - Practice Questions
18:50
Forecasting and Projection Overview and Objectives
1:47
Introduction to Forecasting and Projection
2:10
Sensitivity and Scenario Analysis
7:41
Forecasting
1:36
Learning Curve
4:15
Regression Analysis
13:14
High-Low Method of Valuation
3:32
Cost-Volume Profit Analysis
20:16
Forecasting and Projection Summary
1:09
Forecasting and Projection - Practice Questions
12:21