Many leaders in business organizations of all sizes view the system of Internal Control almost purely as a protective security measure. A well-designed internal control system can and will drive all entity objectives which includes successful operations. This session uses information gathered from years of creating internal control systems as well as concepts from well-respected authoritative pronouncements and frameworks to illustrate the power of a strong and well supported control system as well as actions that can help establish such a system. Those that work with internal controls who are tasked with developing ways to improve operation level capabilities should strongly consider this session. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation you will be able to...
- Identify the components of a control system
- Identify the ways that risk affects all business activities
- Use concepts such as risk appetite and risk tolerance to properly create controls
- Apply the concepts set forth in the COSO framework that relate to the control environment
- Choose the necessary steps to increase the quality of control development activities
Major Topics
The major topics covered in this course include:
- Control creation and implementation basics
- Implementation and update procedures for an Internal Control system
- Maintaining existing internal controls
