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.
DESIGNED FOR
Aspiring leaders and leaders of teams and organizations
BENEFITS
- Distinguish the five elements of internal controls
- Apply the principles of internal controls
- Identify the necessary ingredients of an effective system
HIGHLIGHTS
How do you define internal controls?
Three objectives of internal controls
The COSO Cube
Elements of a Successful System
PREREQUISITES
Experience in financial management of a company.