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. This session provides an overview of control creation methods and discusses ways to successfully implement policies and procedures. Additionally, it includes an array of control maintenance checklists that participants can take and adapt to their organization as they work to improve policies and procedures. Finally, it provides an understanding of the need for dynamic, fluid controls that adapt to changes in business tools and methods. Participants that take this course will have a strengthened ability to implement and maintain an internal control system.
Once participants have completed this session they should be able to:
This session is taught via the use of case studies adapted from real world examples. The topics discussed in this session include:
Who Should Attend?
Accounting and other business professionals that would like to have an understanding of internal control implementation and testing procedures.
Area of Study:
A basic understanding of Internal Control concepts
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