Trainings

Effective Internal Controls to Achieve Business Objectives

21Junto22Jun
Trainings

One of the ways for the business to succeed is to ensure that there are adequate internal controls in the organization. Internal controls are the physical elements, policies, and procedures aimed to safeguard the company assets; promote operational efficiency; check the reliability of accounting data; and encourage adherence to policies, procedures, rules, and regulations.

At the end of the 2-part session, the participants shall be able to:

  • Understand the meaning and importance of internal controls; and
  • Know the different internal control activities/procedures and apply the same in the workplace to ensure the sustainability of the business.

Topics Covered:

  • What is Internal Control?
  • The Importance of Internal Controls
  • Types of Internal Controls
    1. Preventive Controls
    2. Detective Controls
    3. Preventive AND Detective Controls
  • Internal Control Framework
    1. Components of an Internal Control Framework
  • How Internal Controls Work
  • Activity 1: What are Your Internal Control Activities
  • 40+ Internal Control Activities / Procedures
  • Activity 2: Case Analysis
  • Summary
  • Europe-PH News

  • November 24, 2023

    ECCP backs EU GSP+ scheme extension

    The European Chamber of Commerce of the Philippines (ECCP) welcome... Read More

  • November 19, 2023

    European Chamber of Commerce chafes at port storage hike

    THE European Chamber of Commerce of the Philippines (ECCP) on Tues... Read More

  • October 25, 2023

    AC Motors and Bosch Forge New Venture for Bosch Car Service in the Philippines

    ▶ Reintroduction of Bosch Car Service (BCS) in the Philippines thr... Read More