Course Description

Internal controls are an interesting topic in the corporate environment. They are part of the Governance, Risk and Compliance (GRC) system which relies on these controls to ensure that risks are under check. 
This course discusses information systems control, administrative and safety controls, financial reporting controls, physical controls and external reporting controls. It tackles controls at board and senior management level and investigates the business and reporting cycles. It also covers controls in the purchase and payment cycle, HR and payroll cycle, inventory and production cycle, long term assets life cycle and collection cycle.

Course Goal

To enhance the participants’ Knowledge, Skills, and abilities necessary to understand policies and procedures put in place to ensure the continued reliability of accounting systems through various control measures and frameworks.t

Course Objectives

By the end of this course, participant will be able to:

• Define the GRC system and devise controls that are appropriate for the risks at hand.
• Implement segregation of duties and internal controls in the accounting department and business cycles.
• Safeguard information technology systems and data centers.
• Design and maintain financial controls.
• Comply with financial and other external reporting requirements.
• Implement controls in the accounting processes.
• Assign functions and roles within the accounting department to maximize controls while optimizing performance.
• Assist in designing corporate business cycles to achieve better controls.
• Achieve segregation of duties and internal controls in the accounting department and related functions.
• Increase reliability on processes and decrease the likelihood of fraud through the organization. And comply with external reporting requirements by governmental and semi-governmental authorities.
• Develop operational policies and procedures in accordance with internal control requirement and design and maintain financial controls.

Who Can Benefit

• All Professionals in the field of finance and accounting.
• The accountants at all levels seeking to enhance practical finance and accounting knowledge.
• The financial and accounting personnel especially accounting managers and controllers.