A strong internal control system is one of the best mitigation strategies for managing operational and financial risks. This course aims to provide you all necessary knowledge to create and maintain effective control environment. It will also cover how to efficiently review internal controls and identify opportunities for their improvements.
Why is Internal Control important?
The primary purpose of internal controls is to help safeguard an organisation and further its objectives. Internal controls operate to minimise risk and protect assets; ensure accuracy of records; promote operational efficiency; and encourage adherence to policies; rules; regulations; and laws.
By the end of this course, participants will be able to understand the Define of Internal Control, importance of internal control procedures in preventing fraud and errors, protecting organizational assets, and promoting compliance with applicable laws and regulations, and will be able to identify and implement effective and efficient internal control procedures in their daily work.
Who should attend?
The course is designed to fit Midlevel and Senior Staff in Different type of Entity (Private sector, NGOs and UN agencies)
Understand the importance of internal control procedures in preventing fraud, errors, and non- compliance.
Identify the different types of internal control procedures.
Identify the different Classification of internal control procedures.
Describe the key components of internal control procedures.
Explain how internal control procedures can be used to protect the organization's assets and promote compliance with applicable laws and regulations.
Identify potential risks associated with the lack of effective internal control procedures.
Develop internal control procedures for a specific business process, such as the purchasing process, the cash receipts process, or the payroll process through Case Studies.
Highlight the importance of ongoing monitoring and evaluation of internal control procedures to ensure their effectiveness and efficiency.
Encourage others to implement internal control procedures in their daily work and to seek out additional training and resources as needed.
These learning outcomes can be adjusted based on the specific needs and goals of the course.
Define Internal Control
What is Internal Control Procedure?
Why they are Important?
What are the benefits of implementing?
Define the different types of internal controls
The key components of internal control procedures:
Information and Communication
Examples of Internal Control Procedure
Separation of Duties
Use of Accounting Software
Case Studies for Best Practice
Cash receipts process.
Inventory management process.
Some of Indicators of Possible Fraud. 8- Success Story.
A Practical Training includes the correct document cycle according to the internal Control procedures.
Time & duration and delivery
Duration: 8 days
Time: 16:00 - 19:30
Location: mselect venue, Erbil
Refreshments & tea included
You can register by emailing firstname.lastname@example.org with the following details
Name of the course: