Internal controls are no longer a regime for finance staff but all management who are required to take ownership of and sign off on controls.

This course is your first building block in a strong structure called internal control that allows you to achieve your business, financial reporting and compliance objectives. Course material is based on a strong methodology grounded in regulations associated with Corporate Governance and the COSO framework.

By the end of the workshop participants will:

• Be convinced of the importance of good control both for business reasons and regulatory compliance.
• Be aware of the regulatory environment which requires that businesses demonstrate strong controls.
• Understand the fundamentals of control including key types of control, IT controls and reconciliation controls.
• Be conscious of control in your everyday work, becoming “ambassadors” for good control, including execution, monitoring and assessing effectiveness of existing controls in your own organisations.
• Have considered fraud and how to reduce the risk of fraud in their organisations by implementing and maintaining a strong and effective control environment.

Programme Outline

Day 1

• The Business Case for Control
• Role of the Audit Committee
• Control Fundamentals
• Control Issues Case Study 1
• Reconciliations
• IT Controls
• Control Issues Case Study 2

Day 2

• Recap Quiz
• Control Effectiveness
• Control Issues Case Study 3
• Monitoring and Remediation
• Fraud Singapore Case Study
• Case study change of system, changing risks, change of controls
• Action Planning

Training Methodology

Webinar style, with practical illustrations and interactive discussions.

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

Managers and all non-finance staff involved in designing and maintaining effective internal controls. Finance staff of all levels, external auditors and internal auditors.

Programme Facilitator(s)