Trainings

Effective Internal Controls to Achieve Business Objectives

13Jun
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 one-day course, 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 work place to ensure 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


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