COSO and Assessing Risk  

COSO defines risk as the possibility that an event will occur and adversely affect the achievement of objectives. COSO does not ignore the positive effects risk can have; it explains that opportunities created by positive outcomes of risk are not part of internal control. To be successful, entities must manage change to the entity and its environment, including monitoring the continued suitability of objectives and the need to reassess risks in light of changes. This course is most beneficial to those with basic accounting experience.

Checkpoint Learning is committed to bringing innovative solutions to you, now including nano-learning! As per NASBA Standards, a nano-learning course is a 10-minute, electronic, self-study course in which you are eligible to earn 1/5 (or 0.2) CPE credits.

At this time, nano-learning is not accepted by all state boards. If you are not sure whether your state board accepts nano-learning, you can ask your state board or visit the NASBA registry: (nasbaregistry.org).