Internal controls represent the first line and last line of defense against fraud. Properly functioning internal controls should be preventative and detective. The Sarbanes Oxley Act placed further emphasis on properly functioning internal controls. This class addresses the basic requirements of the COSO framework and internal controls. Also covered are the indicators of fraud when the internal control systems are not functioning properly. Students will develop an understanding of the role of internal controls in today's corporate environment and the importance of understanding internal controls to conduct a forensic examination. Course topics will include:

• COSO Framework
• Sarbanes Oxley Act Section 404
• Internal Control Theory