About Course

Day 1: Understanding Internal Control

Session 1: Introduction to Internal Control (Morning)

• Welcome and Course Overview
• Importance of Internal Control
• Key Objectives of the Workshop

Session 2: The Components of Internal Control (Morning)

• Control Environment
• Risk Assessment
• Control Activities
• Information and Communication
• Monitoring Activities

Session 3: Identifying Weaknesses and Risks (Afternoon)

• Assessing Existing Internal Controls
• Identifying Common Weaknesses and Risks
• Case Studies and Group Discussions

Session 4: Internal Control Frameworks (Afternoon)

• COSO Framework
• COBIT Framework
• Other Relevant Frameworks
• Choosing the Right Framework for Your Organization

Day 2: Strengthening Internal Control Systems

Session 5: Designing and Implementing Controls (Morning)

• Developing Effective Control Procedures
• Control Documentation and Mapping
• Control Ownership and Responsibility

Session 6: Testing and Monitoring Controls (Morning)

• Importance of Ongoing Monitoring
• Conducting Control Tests
• Continuous Improvement

Session 7: Case Study and Group Exercise (Afternoon)

• Real-world Case Study Analysis
• Group Exercise: Developing a Control Improvement Plan

Session 8: Building a Culture of Control (Afternoon)

• Leadership's Role in Promoting Control
• Employee Training and Awareness
• Encouraging Ethical Behavior

Session 9: Review and Q&A (Afternoon)

• Recap of Key Concepts
• Open Q&A Session
• Course Evaluation and Feedback

Session 10: Action Plan and Next Steps (Afternoon)

• Developing an Action Plan for Strengthening Internal Control
• Resources and References