Implementing and Maintaining an Internal Control System Webcast

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(800) 342-3197 if you wish to inquire about registering.

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Overview

8.0 Credits
ONLINE

Receive an overview of control creation methods and discuss ways to implement policies and procedures successfully.

Many organizations are successful as they create a system of internal controls, however, some fail to implement established measures correctly. Moreover, entities regularly neglect the critical process of testing, monitoring and updating control procedures, which weakens the entire internal control structure.

The topics covered in this course includes an array of control maintenance checklists that participants can take and adapt to their organization as they work to improve policies and procedures. Finally, it provides an understanding of the need for dynamic, fluid controls that adapt to changes in business tools and methods. Participants that take this course will have a strengthened ability to implement and maintain an internal control system.

Objectives

  • Understand the steps needed to implement a developed system of internal controls.
  • Build control measure schedules that function weekly, monthly, quarterly and yearly, and that are designed to test and monitor the internal control structure of an organization.
  • Show knowledge related to testing control measures to make sure they are working properly.
  • Understand the need to update existing controls to keep them viable as business operations change.
  • List methods that can be used to communicate policy and procedure changes to those that are affected by these changes.

Major Topics

  • Considerations for the maintenance of an internal control system
  • The types of policies and procedures organizations should utilize
  • Reviewing and testing control measures
  • Updating controls and implementing control changes

Designed For

Accounting and business professionals.

Prerequisite

A basic understanding of Internal Control concepts.

Advanced Preparation

None.