Understanding Internal Controls I

Oct 16, 2020

Training Objectives

·         Understand the COSO Framework

·         Roles and Responsibilities of Internal Control

·         Develop skills in risk identification, profiling, prioritization, scoring etc.

·         Develop skills in generating risk registers and universe

·         Risk options and choices

·         Understand the Control Environment, Control Activities and Monitoring

·         And more

Methodology

·         Instructor guided presentation

·         Case studies

·         Discussion session

·         Scenario and Case study sessions

What to Expect

·         Expert facilitation

·         Templates and Tools

·         Conducive Training Environment

·         Discussion session

·         Practical Examples

Summarized Course Content

§  Overview of the Internal Controls Frameworks

§  Identify key terms, definitions, and concepts of COSO’s Internal Control—Integrated Framework.

§  History of COSO Internal Controls Framework

§  Relationship among objectives, components, and the entity’s structure in achieving an effective system of internal control.

§  Roles and responsibilities within an organization related to internal control.

§  Limitations of internal control.

§  Illustrative Tools, Application Cases.

§  Control Environment

§  Key concepts included in the Framework related to the control environment component of internal control (including principles and points of focus).

§  Apply the concepts of the Framework with regard to control environment to a variety of organizational examples in achieving operations, reporting, and compliance objectives.

§  Control Activities

§  Key concepts included in the Framework related to the control activities component of internal control (including principles and points of focus)

§  Assessing Design and Implementation effectiveness of control activities

§  Apply the concepts of the Framework with regard to control activities to a variety of organizational examples in achieving operations, reporting, and compliance objectives. 

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For Who?

Accountants 93%
Auditors 90%
Financial Consultants 96%

Schedule

Oct 16, 2020

Fee

₦40,000

Duration

2 days
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