Adoption & Implementation of the New COSO 2013 Internal Controls Framework – Get Ready for Year-End!

  • COSO 2013 Workshop Webcast - SEPT 24 (9AM-4PM EST)
    September 24, 2015
    9:00 am - 4:00 pm
  • COSO 2013 Workshop Webcast - SEPT 29 (9AM-4PM PST)
    September 29, 2015
    9:00 am - 4:00 pm
  • COSO 2013 Workshop Webcast - OCT 1 (9AM-4PM MST)
    October 1, 2015
    9:00 am - 4:00 pm

For TSX Listed Companies:
COSO 2013 and National Instrument 52-109
Are you ready for year end?

“69% of the TSX as of August 2015 is declaring the expired COSO Framework. This leaves certifying officers and board members exposed.”

CEO/CFO Quarterly and Annual Certifications (NI 52-109) require the declaration an internal controls Framework. The old COSO Framework expired December 2014.

The new COSO 2013 Framework is:

  • 80% larger with more guidance
  • 150-200% more work for changes in design and implementation
  • More comprehensive with requirements to prove that COSO Components, 17 Principles are “Present and Functioning”

Companies would not use an expired accounting standard. CEO/CFO Certifications are part of the financial statement declaration process. Continuing to use the expired COSO Framework may expose senior officers and board members to risk.

Added COSO 2013 guidance that increase work load include requirements for:

  1. Key Objective setting at the highest levels of the next steps on COSO 2013 compliance
  2. Robust risk assessment/management exercise with details of high, medium and low risks along with risk appetites tailored to the company
  3. Redesign of key controls to incorporate the new COSO 2013 Seventeen Principles as well as assure that all COSO Components are “Present and Functioning”:
    • Entity-Level Controls
    • Process Controls
    • IT Controls
    • Disclosure Controls
    • Addition of new monitoring activities
  4. Redesign of Testing Regimes to incorporate COSO 2013 requirements

Our Applied Workshop for Adoption & Implementation of COSO 2013 for TSX Listed Companies

  • No matter where you are in the world, you can attend this online hands-on applied workshop.
  • All you need is a computer, an internet connection and Microsoft Office and you can attend this session.
  • This is unique and innovating and is only delivered by Issues Central Inc. a world leader in corporate governance and financial compliance.

Online COSO 2013 Design & Implementation Workshop Agenda: (7 hours including breaks)


Overview of COSO 2013 Requirements Detailed instruction on COSO 2013 differences and requirements.
Hands-on Lesson on Objective Setting Utilize templates provided to complete draft for company objectives setting stage for risk assessment.
Hands-on Lesson on Risk Assessment Complete draft of risk assessment templates to set risk levels, responses and summarize risk appetite &identify high risk areas.
Lecture: Overview of required changes to convert to COSO 2013 Drilling into details of work to convert COSO 1992 documentation and processes to COSO 2013 requirements. Best practice templates will be used in the lecture and demonstration.
Hands-on work with for COSO 2013: Entity-Level Controls Update entity level controls required documentation using our best practice templates. Prepare draft for management to review. Note any remediation areas.
Hands-on work with for COSO 2013: Financial Reporting Controls Update Financial Reporting required documentation using our best practice templates. Prepare draft for management to review. Note any remediation areas.
Conclusion and Wrap-up Overview of work completed, next steps and questions and answers.


Cathy ConnallyCatherine Connally, Certified Internal Auditor (CIA) is a graduate of the University of Colorado in finance. She has over twenty-five years’ experience in corporate governance, financial compliance, internal audit and executive management. She began her career in the extractive sector with internal audit responsibilities in both the mining and oil & gas sectors with Atlantic Richfield and British Petroleum.Catherine is a well-known technology and governance and compliance sector entrepreneur having founded several businesses in the United States, Canada and West Africa. As President of Issues Central, Inc. she has provided executive briefings, seminars and workshop to over fifteen hundred organizations around the world on Sarbanes-Oxley and NI 52-109 CEO/CFO Certification and COSO 2013 financial compliance as well as International Financial Reporting Standards (IFRS). She is an expert in COSO 2013, internal controls and forensic auditing and has been involved in a variety of litigation cases associated with director and officer activities of listed entities. Ms. Connally had designed, developed and deployed many software applications to assist productivity in COSO 2013, internal controls management and IFRS conversion worldwide.Catherine is a co-author and primary architect of industry leading financial transition and compliance products including CFO PARTNER for NI 52-109/SOX 404/COSO 2013 compliance and IFRS PARTNER for Financial Reporting. (LinkedIn Profile)
Charley BestCharley Best has over 30 years of experience in executive management and consulting roles across the manufacturing, technology, and services sectors. He is an authority on the application of sound project management techniques to complex projects such as the conversion to new internal control frameworks (COSO 2013) and to new international financial reporting standards (IFRS) in various national settings. At Issues Central, Inc. (ICI) Charley has organized the company’s COSO 2013 Financial Compliance and IFRS campaigns across Canada, the United States and abroad to bring hundreds of companies to the new standards through end-to-end project engagements. Charley has worked extensively with companies and regulators in Canada, the United States, South Africa, and recently Nigeria, to develop and deliver methodologies and tools to streamline costs and time-to-comply for areas such as COSO 2013, IFRS transition, Sarbanes-Oxley Act of 2002, NI 52-109, and Executive Compensation Disclosure. He has been in charge of ICI’s IFRS activities in West Africa and since November 2010 he and his team have provided COSO 2013 and IFRS training to over 250 organizations including regulators, NSE listed firms, government entities and external auditors. Charley is a best-selling author of the Manufacturing Systems Implementation Methodology (MSIM) first published in 1988. He has a BA from Queen’s University in Kingston, Ontario, Canada and an MBA from York University in Toronto, Canada. (LinkedIn Profile)


• Protect your CEO and CFO from unnecessary risk by converting to COSO 2013 by year end
• One hour one on one consultation prior to the workshop with our expert instructors
• Receive and learn to use best practice templates for COSO 2013 conversion
• Low cost and no hassle with no travel expenses or arrangements
• Limited number of attendees to assure personal attention Continuing Professional Education (CPD/CPE) certificate


Controllers, Risk Officers, Internal Control Specialist, Internal Auditors, Compliance Officers and others involved in internal control development, disclosures or testing.


Download the PDF version of this event  Acrobat PDF