Accounting and other business professionals that would like to have an understanding of internal controls for business entities.
Learning Objectives
After attending this session you will be able to...
- Distinguish key internal control concepts, including the four types of internal control: preventive, detective, deterrent and compensating
- Identify ways to create strong internal controls
- Identify reasons that control measures are required, such as to deter fraud or reduce operational inefficiencies
- Determine why the control environment is important as implementation efforts are ongoing
- Apply COSO Framework concepts to three segments of an organization's technology infrastructure that must be controlled.
Major Topics
The major topics covered in this course include:
- Underlying concepts of internal control
- Defining where and why controls, policies and procedures are needed
- Legacy control measures that are still important for businesses today
- Creating control measures that address the use and protection of technology
