To reduce the environmental impact and contribute to sustainability efforts, ISCA will contribute our part by eliminating the printing of course materials for selected courses with effect from 2023. Tips: To make your paperless learning experience more enjoyable, you may bring along a digital device such as a Windows based laptops or tablets to read your online materials during the class. QR code will be provided in the class for you to download the materials in PDF. Join us and be a Difference Maker!

 

Programme Objective

There is an ongoing proliferation of risk as business world becomes more uncertain, highly volatile and increasing complex. This may have been caused by many factors including the rapid changes of technological advancement, globalization and geopolitical fallout on global supply chain and changing regulations across geopolitical terrains.

Uncertainty and Change have become the new NORMAL. All these have intensified the challenge of managing business and elevated the importance of risk management.

This course will introduce you with knowledge on relevant risks and controls to build a strong control environment for your organisation as well as recognise the different effective control activities which you can implement for your business processes.

Programme Outline

This course introduces concepts of internal control to people involved in day-to-day business operations and focuses on the practical application of internal control to manage business risks.
 

We will cover the following areas in the course:

• Recognize the importance of internal controls
• Understand principles of internal control
• Identify the 5 components of internal control in COSO framework
• Discover the components of an effective control environment 
• Determine the design and operating effectiveness of existing internal control practices 
• Learn the key control activities for the following transaction cycles:
  • Revenue and receipts
  • Procurement and payment
  • Fixed assets and inventory
  • Payroll and staff claims
     

Training Methodology

Lecture style, with practical illustrations involving case scenarios, real life cases and interactive polls

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This introductory course on internal controls and risk management is suitable for business leads, non-finance professionals and all those involved in day-to-day business operations. Accounting qualification and knowledge is not a pre-requisite.

Programme Facilitator(s)