Internal controls are integral to the function and achievement of goals for all organizations. Understanding internal control is essential for financial and accounting professionals within any organization as well as for those that provide internal and external audit services.
This course engages participants in dialogue and activities designed to deepen the understanding of the purpose, benefits, components,
terminology, and overall structure of internal controls related to financial reporting. The course prepares participants to make decisions on what type and level of controls are necessary to achieve common control objectives. The course provides a hands-on opportunity to design and evaluate controls at the individual transaction cycle level. The course also addresses the need for controls in all five components addressed within the COSO Integrated Framework, how they interrelate with each other, and how they support internal controls within a given transaction processing cycle. Significant exercises and case studies provide an exciting learning environment for participants.