Finance & Accounting

Managing Internal Control-FA 5006

10 Oct 22-14 Oct 22 (London, UK), 18 Jul 22-22 Jul 22 (London, UK), 14 Mar 22-18 Mar 22 (London, UK),

Course Overview

Internal Control is the process designed and implemented by those charged with the governance of the organization and others to provide reasonable assurance about the achievement of its objectives with regards to:

  • The reliability of financial reporting
  • The effectiveness and efficiency of operations
  • Compliance with appropriate laws and regulations

 

Learning Outcome

• The elements of internal control
• The control environments,
• The entity risk assessment process,
• The information system
• Control activities and monitoring of controls
• Identify procedures & practices other than control environment used to ensure that
the entity’s objectives are achieved, these include among others:  authorization, physical controls, management controls, segregation of duties etc.
- Limitation of internal control

 

Indicative Contents

  • Overview of internal control
  • The use of internal control systems by the auditors
  • Transaction cycles (revenue, purchases, payroll, inventory, capital expenditure)
  • The evaluation of internal control systems by auditors including internal control checklists & tests of control system
  • Financial reporting process

 

More Detail
Duration This is a one-week programme spread over 5 working days.
Certification A certificate of completion is issued on successful completion of the programme.
Location (London, UK), (London, UK), (London, UK)
Travel and accommodation Travel and accommodation to be paid for at source by delegates.
Fees £3,750 (Excl. VAT) per delegate for 1 week.