Many organizations are successful as they create a system of internal controls, however some fail to properly implement the measures that are established. Moreover, entities regularly neglect the important process of testing, monitoring, and updating control procedures, which weakens the entire internal control structure.
DESIGNED FOR
Accounting and other business professionals that would like to have an understanding of internal control implementation and testing procedures.
BENEFITS
After attending this presentation, you will be able to...
- Determine the steps needed to implement a developed system of internal controls
- Apply steps to build control measure schedules that function weekly, monthly, quarterly, and yearly, and that are designed to test and monitor the internal control structure of an organization
- Analyze developed control measures to make sure they are working properly
- Determine why there is a need to update existing controls to keep them viable as business operations change
- Identify methods that can be used to communicate policy and procedure changes to those that are affected by these changes
HIGHLIGHTS
The major topics covered in this course include:
- Control creation and implementation basics
- Implementation and update procedures for an Internal Control system
- Maintaining existing internal controls
PREREQUISITES
A basic understanding of Internal Control concepts
ADVANCE PREPARATION
None