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Making the Internal Audit Methodology: Coso-Compliant

By: Tom Associates Training  

Lagos State, Nigeria

14 - 18 Mar, 2016  5 days

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NGN 162,750

At the end of the training course, participants will be able to

  • Understand the formal definition of internal control by COSO and the premises providing the theoretical foundation of the framework.
  • Determine the dominant COSO internal control objective relevant to a business function or process to be audited and focus thereon for the purpose of giving audit assurance.
  • Identify, during the Audit planning phase, the Points of Focus relevant to the 17 COSO Principles and the 5 COSO components.
  • Design during the Audit planning phase appropriate tests and inquiries of the Principles as basis for rating effectiveness of controls.
  • Assess each of the 5 prescribed COSO components for their presence and contribution (or lack of it) to the achievement of the chosen objective.
  • Develop a control evaluation form showing ratings for each control component and an overall summary rating indicating whether there is a reasonable assurance that the chosen internal control objective will be achieved. 

Course Contents

Day One

  • The Premises on which COSO Integrated Control Framework is built
  • Comparison of Traditional view of internal controls with COSO Internal Control Framework
  • Enhancements in the revised (May 2013) COSO Integrated Control Framework

Day Two

  • Preparation of COSO Control Evaluation

Day Three

  • Restructuring current Audit methodology to fit COSO requirements
  • Public sector programs
  • Project management
  • Procurement services

Day Four

  • Application of COSO Principles to Compliance functions
  • Application of COSO Principles to Finance functions

Day Five

  • Requirements and Challenges of implementing COSO Integrated Control Framework
5/7 Alade Lawal Street, Opposite Divisional Police Station, Off Ikorodu Road, Anthony, Lagos. Registration: 8.30 - 9.00 a.m. Class Session: 9.00 - 4.00 p.m. Mar 14 - 18 Mar, 2016
NGN 162,750.00(VAT Inclusive)
(Convert Currency)

08033019120

Discount of 5% to 3-4 participants from same organization. Discount of 10% to 5 or more participants from same organization.
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