Organizations of all sizes often fail to successfully install needed foundational components of an internal control system. Whether large or small, entities must view policies, procedures, and all controls in a wholistic manner in order to develop a system of controls that will keep the entity on its intended course.
DESIGNED FOR
Accounting and other business professionals that would benefit with greater understanding of internal control.
BENEFITS
After attending this presentation, you will be able to...
- Distinguish key internal control concepts, including the four types of internal control: preventive, detective, deterrent and compensating
- Determine how each control becomes a piece of an overall internal control structure
- Identify both organization-wide measures as well as more segmented controls and how these must co-exist
HIGHLIGHTS
The major topics covered in this course include:
- Underlying concepts of internal control
- The importance of control measure interdependency
COURSE LEVEL
Intermediate
PREREQUISITES
A basic understanding of Internal Control concepts
ADVANCE PREPARATION
None