Video: Internal Control Frameworks Summary

In this energetic lesson, Nick Palazzolo, CPA, kicks off the exploration of internal control frameworks with infectious enthusiasm, ensuring the journey through this subject is both educational and enjoyable. He emphasizes the importance of mastering the components of the COSO framework and suggests repetitive learning techniques to solidify this fundamental knowledge. With a focus on corporate governance, the lesson provides a clear understanding of its structure, from investors to CFOs and board committees, assuring that grasping these concepts is integral to success.<br>

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Video Transcript

Instructor: Nick Palazzolo

Nick Palazzolo is head instructor of ExamPrep.ai CPA Review. Nick's teaching style is engaging & upbeat, combining practical Big 4 tax & assurance expertise with years of 1-on-1 coaching. His lessons are concise and emphasize what you need to know to pass. Whether you're a recent grad or working full-time, we’re confident you can conquer your CPA exams with Nick’s review.

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What a great start to our lessons here. Starting with internal control frameworks, we've got some other wonderful, great topics to cover together. And I'm going to keep it high energy nonstop with you so you can pass not only efficiently, not only hopefully guaranteed, but also you can say you had a great time. You could say we hung out, had a great time. Let's go and throw these lessons.

Let's wrap it up. We want to make sure that we memorize all the components of the COSO framework, rewrite all of those. Use whatever pneumatics you can, use whatever resources you can write. We've got plenty of resources here.

Rewrite them over and over until you just are sick of them, right? But that is going to what is going to allow you to pass. And unless you're here just to hear me talk, I think you want to pass. We want to be familiar with the words associated with these components at the top. Corporate governance.

All of these great points. Fiduciaries for board of directors, right. Lastly, we want to understand the general corporate governance structure. Investors, Fiduciaries, CEO, CFO, committees, all of those components of the corporate governance structure. That being said, thank you for joining the first one and we are off to the races.

See you in the next one.

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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