Description

Internal controls are often misunderstood by our coworkers as "things that get in the way." But a good system of internal controls will support getting work done the right way and protect against the ultimate failure - fraud. This session will review the intent and practical application of the COSO framework for maximum efficiency and protection.

Target Audience

Aspiring leaders and leaders of teams and organizations

Course Objectives

Distinguish the five elements of internal controls

Apply the principles of internal controls

Identify the necessary ingredients of an effective system

Subjects

How do you define internal controls?

Three objectives of internal controls

The COSO Cube

Elements of a Successful System

Key Takeaways

Prerequisites

Experience in financial management of a company.