Fundamentals of Internal Control

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Businesses have long faced the internal control struggle and the struggle is real. An organization’s structure, work processes, employees and information systems play a big part in how internal controls are formed. Discover who maintains responsibility for internal controls, methods to identify and document internal controls and even with the best laid plans why they are not infallible.

 

 

Basic Course Information

Learning Objectives

• Evaluate the effectiveness of internal controls within an organization by examining the roles and responsibilities of stakeholders, employing methods to identify and document controls, and assessing the limitations of control systems despite meticulous planning, integrating knowledge from corporate governance frameworks such as the Sarbanes-Oxley Act (SOX), COSO Framework, segregation of duties (SoD), and delegation of authority (DoA), alongside considerations in IT security, data analytics, and emergency management

Major Subjects

• Example Business Failure
• Corporate Governance and Internal Controls
  • Sarbanes-Oxley Act (SOX)
  • COSO Framework / SoD / DoA
  • IT Security / Data Analytics
• Emergency Management
• Other Considerations