In the private sector, company directors are responsible for determining policy, monitoring performance and taking corrective action if either policy or its implementation is defective.  Internal control provides a means of assurance that corporate objectives are being achieved.  Internal control systems are therefore fundamental to the success and survival of organizations. 

At the end of this training, participants will have a grip understanding of the best practices in internal control processes, international standards, auditing and compliance to manage risk in the organization.

Learning Objectives

At the end of this training, participants will be able to:

• Gain a positive, firm and broad-based understanding of internal control and control models.
• Segment the roles of internal control and audit in fraud prevention and detection.
• Analyze and evaluate existing or planned control systems and enterprise-wide risk management.
• Design cost-effective control systems to minimize risks for business processes.
• Understand control deficiencies and material weaknesses.
• Identify business objectives, risks and controls needed to mitigate risk.
• Learn and apply the most useful internal control, compliance and risk categories, tools and best practices.
• Obtain a basics of who, why and how of fraud as well as the role of business controls in fraud management.