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Course Code: FNBN 142
181 Course Visits
COSO Internal Control
Course Sector:
Finance, Accounting and Banking
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
3 Days
Dubai, UAE $3,250
02
3 Days
Dubai, UAE $3,250
03
3 Days
Riyadh, KSA $3,250
Introduction
Training course introducion / brief
Internal controls are processes designed to help safeguard an organization and minimize risk to its objectives. Internal controls minimize risks and protect assets, ensure accuracy of records, promote operational efficiency, and encourage adherence to policies, rules, regulations, and laws. Designing and implementing an effective Internal Control System can be challenging, and adapting to rapidly changing business models, new technologies, or globalization requires that system to be agile. An internal control system requires the use of judgment to monitor and assess its effectiveness, and it must provide insight on the application of controls. This training course is designed to provide participants the necessary knowledge and concepts on designing, implementing, and conducting an internal control system.
Course Objectives
At the end of the training course, participants will be able to
- Gain a comprehensive understanding of the key concepts and principles of COSO’s Internal Control.
- Identify the roles and responsibilities within an organization related to internal control.
- Recognize and analyze risks.
- Develop confidence in the internal control system.
- Apply concepts of framework with regards to control environment, risk assessment, control activities, information and communication, and monitoring activities to a variety of organizational examples in achieving operations, reporting, and compliance objectives.
Course Audience
Who is this course for, and can benefit the most
- Executives who have strategic financial oversight of their unit or organization
- Finance-related roles
- Accounting-related roles
- Marketing Managers
- Financial managers
- Affiliate marketing leaders
- Career Enhancers
- Digital Innovators
- Business owner / Entrepreneur
- General / Senior Accountant
- Business Project Manager
- Bank Branch Manager
- Structured Finance Senior Relationship Manager
- Finance Transformation Manager
- Risk Manager
- Investment Analyst
Course Outline
The course aims and learning outcomes
Overview of the Frameworks
- Key terms, definitions, and concepts of COSO’s Internal Control—Integrated Framework (Framework).
- The relationship among objectives, components, and the entity’s structure in achieving an effective system of internal control.
- Roles and responsibilities within an organization related to internal control.
- The limitations of internal control.
Control Environment
- Key concepts included in the Framework related to the control environment component of internal control (including principles and points of focus).
- The concepts of the Framework with regard to control environment to a variety of organizational examples in achieving operations, reporting, and compliance objectives.
Risk Assessment
- Key concepts included in the Framework related to the risk assessment component of internal control (including principles and points of focus).
- The concepts of the Framework with regard to risk assessment to a variety of organizational examples in achieving operations, reporting, and compliance objectives.
Control Activities
- Key concepts included in the Framework related to the control activities component of internal control (including principles and points of focus).
- The concepts of the Framework with regard to control activities to a variety of organizational examples in achieving operations, reporting, and compliance objectives.
Information and Communication
- Key concepts included in the Framework related to the information and communication component of internal control (including principles and points of focus).
- The concepts of the Framework with regard to information and communication to a variety of organizational examples in achieving operations, reporting, and compliance objectives.
Monitoring Activities
- Key concepts included in the Framework related to the monitoring activities component of internal control (including principles and points of focus).
- The concepts of the Framework with regard to monitoring activities to a variety of organizational examples in achieving operations, reporting, and compliance objectives.
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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