Risk Reduction: Internal Controls, Policies and Procedures
Details
This four- day interactive program will provide participants with a detailed understanding of how implementing effective internal controls can reduce organizational risk. Examining the criteria for good policies and procedures. The workshop offers participants the opportunity to demonstrate practical application of the information learned and identify appropriate solutions for their organization.
Outline
Objectives of the Internal Control System
· Control Objectives
· Sarbanes and oxley
· Operational risk
Techniques of Internal Control
- Management control
· Authorization
· Confirmation
· Reconciliation
· Compliance
· Policy and procedural controls
· Segregation of duties
Limitations of Internal Control
· Examples of weak internal controls
· Consequences of weak Internal Controls
Evaluating Current Control and Designing New Control
· Monitoring the effectiveness of controls
· Controls exist
· Well designed control is working
Policies and Procedures
- Criteria for good policy
· Criteria for good procedures
Mitigating the Risks
- Functions in the organization
- Consequences of inadequate internal controls
Responsibility of Internal Controls
- Who bears the responsibility
FOR WHOM:
All Internal Auditors and Risk Managers in the Public and Private Sectors.
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Schedules
Tue, Fri | 09:00 AM — 04:00 PM |
No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.