Sustainability has become an important topic for organizations across industries. But reporting sustainability data can be complicated. Since it is usually qualitative in nature and the results of sustainability-related decisions are typically observed in the longer term, sustainability information is difficult to measure. Once we find mechanisms for measuring this type of data, how do we trust it? How does management make critical decisions based on it? How can our investors, analysts, and other external stakeholders have confidence in nonfinancial sustainability data as they do with financial data?
This course will outline how the COSO Internal Control–Integrated Framework can help. The framework, since its inception, was always meant to apply to financial as well as nonfinancial data such as sustainability. You'll be taken through the five components and 17 principles of the framework to demonstrate how building and maintaining effective internal controls can help secure greater confidence in sustainability reporting.
By passing the course assignment and gaining a record of achievement, CMAs (Certified Management Accountants) and CFMs (Certified Financial Managers) will earn 3 CPE credits, which can be used towards your annual CPE requirements.
Unit 1: Introduction
Unit 2: The COSO Internal Control Framework
Unit 3: Control Environment
Unit 4: Risk Assessment
Unit 5: Control Activities
Unit 6: Information and Communication
Unit 7: Monitoring Activities
Unit 8: Recommendations
You don't need any specific prior knowledge.
The course is a cooperation between openSAP and IMA (Institute of Management Accountants). The content is created and provided to you by Jeffrey C. Thomson, president and CEO of IMA.
To learn more about IMA® (Institute of Management Accountants), go to www.imanet.org
If you would like to enroll for this course, there are no formal prerequisites or limitations. The course is free and open for everyone. Just register for an account on openSAP and go for the course!Enroll me now
Find out more in the certificate guidelines.
Jeff Thomson, CMA, CSCA, CAE, is president and CEO of IMA® (Institute of Management Accountants). Since assuming this position in 2008, Mr. Thomson led the development of a strategy resulting in IMA becoming one of the fastest growing accounting associations in the world, with double digit growth in its CMA® (Certified Management Accountant) program over the past five years. In January 2018, IMA crossed the 100,000-member mark for the first time in the organization’s history.