Course Description
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CreditsCPE Credits: 12 |
Course Agenda
Module 1
Understand the Five Components of Internal Control
- Evaluate each component of the internal controls framework
- Directly apply these components in your organization
Module 2
Establish Effective Internal Controls in Your Organization
- Examine the role of management in developing and maintaining effective internal controls
- Design management structures to ensure accountability for results
- Develop systemic and proactive measures to ensure appropriate and cost-effective internal controls
Module 3
Assess Internal Controls in Your Organization
- Analyze the importance of monitoring internal controls
- Understand the role of periodic assessments of internal controls
- Evaluate the role of agency management in determining the level of document support
Module 4
Manage Internal Controls in Your Organization
- Examine the responsibility of management in developing and maintaining internal controls
Module 5
Understand the Effect of Control Activities
- Analyze policies and procedures in order to make sure agency objectives are met
- Examine the importance of general controls and application controls
Module 6
Identify and Assess the Risks of Internal Control and Determine the Causes of Weakness
- Identify risks and relationships inside and outside the organization
- Maximize your knowledge of potential weaknesses while creating corrective measures
Module 7
Correct Internal Control Deficiencies
- Understand why correcting defi ciencies is imperative to maintaining management accountability
Module 8
Correct Material Weaknesses in Internal Control-Over Financial Reporting
- Establish systems to ensure that a corrective action is implemented for all material weaknesses
- Maintain a complete record of every action taken on material weaknesses
Module 10
Monitor Internal Controls to Address Deficiencies
- Implement periodic reviews, reconciliations or comparisons of data into daily routines