Internal Controls: Guidelines, Concepts and Implementation Course

OBJECTIVE
– The factors behind each component of internal control
– How to measure risk likelihood and its potential impact

CONTENTS:
+ Defining Internal Controls
Understanding the objectives of sound internal controls
Establishing which control framework is right for your organization
Meeting the objectives that internal controls must satisfy

+ Creating the Internal Control Structure
Understanding the components of Internal Controls
Hard controls vs Soft Controls
Creating the control environment
Monitoring the control framework

+ Risk Assessment and Considerations
Establishing strategic objectives
Defining, Measuring, Evaluating Risk
Risk-Management strategies

+ Establishing Internal Accounting Controls
Internal accounting control categories
Strategies for preventing fraud in your cycles
Financial audits

+ Managing Control Activities to Minimize Risks
Reviewing operational auditing
Prevention vs detection control types
How to create an operational audit program
The steps to creating an individual audit program

+ Monitoring and Reporting on Internal Controls
Creating and implementing a testing system
Manual vs technology-based monitoring
Elements of effective internal controls reports
How to create reports

FOR WHOM: All Internal Auditors in both the Public and Private Sectors.
METHODOLOGY
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH: 6th – 9th May, 2025
2ND BATCH: 18th – 21th Nov, 2025