Programme Objective

This program covers the ability to review and implement financial controls for organizational compliance through understanding risk, internal controls and control self-assessment. It also includes evaluating, refining, implementing and monitoring financial controls and reporting findings to management.

By the end of the course, participants will be able to gain more knowledge necessary to close their performance gaps relating to:

1. Evaluation of financial controls to ensure alignment to financial policies
2. Implementation of financial controls in accordance with sound bookkeeping practices to ensure alignment to required practices
3. Monitoring the implementation of financial controls to track discrepancies and report findings to management
4. Facilitating compliance of financial controls to meet the requirements of relevant management standards, regulations and legislation
5. Refining of financial controls in consultation with immediate supervisors to ensure achievement of financial reporting objectives
6. Adhering to organisational and professional code of conduct, values and ethics when reviewing and implementing financial controls to ensure compliance to relevant management standards, regulations and legislation
7. Keeping abreast of financial management standards, regulations and legislation by subscribing to various information channels to ensure organisational financial controls are aligned to latest requirements

Programme Outline

• Appraise financial controls to make sure that they are in line with corporate financial policies
  • Identify types of business risks and objectives of financial controls
  • Determine the various types of financial controls
  • Establish control activities within each business process 
  • Assess the limitations of financial controls
• Put into effect financial controls to be in line with required accounting practices
  • Implement policies and controls 
  • Identify key success factors for establishing controls 
  • Prepare Risk Analysis Matrix
• Study the execution of financial controls and prepare report for discrepancies
  • Develop Control Self-Assessment 
  • Prepare Breach Reports
• Comply with financial controls to meet required standards, laws and regulations
  • Comply with management policies, controls, laws and regulations
  • Establish elements to assist with compliance 

Training Methodology
Interactive competency-based training, with a combination of instructional methods of lectures, discussions and assessments.

Assessment
Written assessments (open book) on both days.
(For those applying for WDA training grant, it's compulsory to complete and pass all assessments)

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

Professionals from risk management and internal audit.

Programme Facilitator(s)