Introduction
Internal controls are the processes and procedures that organizations implement to mitigate risks, prevent fraud, and ensure compliance with laws and regulations. It helps organizations comply with laws and regulations, avoiding penalties, fines, reputational damage, enhances operational efficiency, leading to better performance, and reducing the likelihood of fraud and misconduct. This course is designed to equip participants with the tools and techniques necessary to maintain a robust internal control system that ensures regulatory compliance, safeguards assets, ensures the accuracy of financial reporting, and enhances operational efficiency.
Course Outline
- Module 1
- Module 2
- Module 3
- Module 4
- Module 5
- Course Objectives
- Target Audience
Internal Control Frameworks
- COSO Framework.
- Five key components.
- Risk assessment.
- Effective preventive controls.
- Effective detective controls.
- Monitoring internal controls.
Control Activities
- Controls to address identified risks.
- Key control activities.
- Segregation of duties.
- Controls to prevent and detect fraud.
- Financial reporting controls.
- Operational controls.
Control & Risk Managements
- Culture of integrity and accountability.
- Roles for management, board, and staff.
- Steps to identify and evaluate risks.
- Controls to mitigate fraud risks.
- Evaluating risks.
- Risk mitigation strategies
Monitoring & Evaluating
- Internal control monitoring techniques
- Control self-assessments.
- Internal control audits.
- Evaluating Control Effectiveness.
- Identifying Controls Deficiencies.
- Corrective actions.
Compliance & Reporting
- Internal controls and compliance (e.g., SOX, GDPR).
- Reports for management and auditors.
- Working with external auditors.
- Aligning internal controls with governance.
- Controls in a global context.
- Ethics and internal controls.
By the end of this course, participants will be able to:
- Explore the fundamental concepts of internal control systems.
- Identify key risks and internal controls to mitigate them.
- Ensure internal controls comply with regulatory requirements.
- Explore Investigate effective internal control strategies to prevent fraud.
- Enhance financial reporting and operational efficiency with internal controls.
- Evaluate the effectiveness of internal controls.
- Communicate internal control practices to management and auditors.
This course is ideal for:
- Accountants.
- Internal Auditors.
- Financial Managers.
- Compliance Officers.
- Risk Managers.
- Operations Managers.
- Senior Executives.
Course Schedule & Fees
- Kuala Lumpur
- Singapore
- Amsterdam
- Online
- Course Fees
This course will take place in Kuala Lumpur on the following dates:
| 26/05/2025 | 09/06/2025 | 23/06/2025 | 07/07/2025 |
| 21/07/2025 | 04/08/2025 | 18/08/2025 | 01/09/2025 |
| 15/09/2025 | 29/09/2025 | 13/10/2025 | 27/10/2025 |
| 10/11/2025 | 24/11/2025 | 08/12/2025 | 22/12/2025 |
| 05/01/2026 | 19/01/2026 | 02/02/2026 | 16/02/2026 |
This course will take place in Singapore on the following dates:
| 19/05/2025 | 09/06/2025 | 30/06/2025 | 21/07/2025 |
| 11/08/2025 | 01/09/2025 | 22/09/2025 | 13/10/2025 |
| 03/11/2025 | 15/12/2025 | 05/01/2026 | 26/01/2026 |
| 16/02/2026 |
This course will take place in Amsterdam on the following dates:
| 26/05/2025 | 16/06/2025 | 07/07/2025 | 28/07/2025 |
| 18/08/2025 | 08/09/2025 | 29/09/2025 | 20/10/2025 |
| 10/11/2025 | 01/12/2025 | 22/12/2025 | 12/01/2026 |
| 02/02/2026 | 23/02/2026 |
This course will take place Online the following dates:
| 20/05/2025 | 17/06/2025 | 15/07/2025 | 12/08/2025 |
| 09/09/2025 | 07/10/2025 | 04/11/2025 | 02/12/2025 |
| 30/12/2025 | 27/01/2026 | 24/02/2026 |
| Kuala Lumpur | Singapore | Amsterdam | Online |
| USD$ 3,580 | USD$ 5,600 | USD$ 5,600 | USD$ 1,920 |
