ReCh Management Centre - Risk Assessment and Introduction to Internal Control - Risk Assessment and Introduction to Internal Control - View courses templates

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Risk Assessment and Introduction to Internal Control

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Start DateVenue1 Week2 Weeks

Request a dateDubai 2,600 3,600

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Course Overview 

This course is designed to give you a solid understanding of systems and control documentation at the significant process level. After an overview of the latest COSO guidance on the components and principles of effective internal control, this course will introduce you to basic tools used to document an accounting process. You will then be able to identify the risks of errors and fraud in the accounting system and the presence (or absence) of compensating controls. Finally, you will practice identifying key controls and control weaknesses.

Course Objectives

At the end of the course delegates will be able to:

Interpret basic documentation of a significant accounting process
Identify the significant risks of fraud and errors
Locate the presence or absence of compensating controls
Identify key controls and control weaknesses
Internal Control for Smaller Entities 

Course Outline

Internal Control
Identifying, Measuring and Managing Risk;
Risk Assessment;
Building An Environment that Supports Business Controls;
Assessing the Effectiveness of Controls in A Business;
Control Reporting Metrics and Defect Management System;
Corporate Governance Practices.
The Auditing Standards Board and Internal Control
Internal Control Definitions and Concepts
The Control Environment - An In-Depth Review
Risk Assessment and Fraud - An In-Depth Review
Control Activities - An In-Depth Review
Information and Communication - An In-Depth Review
Monitoring - An In-Depth Review
Documentation - Guidance and Tools
Illustrative Case
Latest Developments
Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement

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*Course fee is not inclusive of VAT

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