Internal Control: Compliance, Operational and Financial
| 17 – 21 Feb. 2025 | Abu Dhabi | 17 – 21 Nov. 2025 | Dubai | 24 – 28 Nov. 2025 | Abu Dhabi |
Course Objectives:
By the end of this course, participants will:
1.Understand the principles, frameworks, and components of internal control systems.
2.Learn to evaluate and strengthen controls for compliance, operational efficiency, and financial accuracy.
3.Gain skills to identify, assess, and mitigate risks across organizational processes.
4.Develop strategies for monitoring, testing, and reporting on the effectiveness of internal controls.
5.Enhance their ability to implement and sustain robust internal control frameworks that align with organizational goals.
Course Syllabus:
Day 1: Foundations of Internal Control
1.Introduction to Internal Control
2.Components of Internal Control Systems
3.Risk and Control Assessment
4.Workshop: Mapping Organizational Risks to Control Activities
Day 2: Compliance Controls
1.Understanding Compliance Controls
2.Designing and Evaluating Compliance Programs
3.Monitoring and Reporting Compliance Risks
4.Case Study: Auditing and Strengthening a Compliance Control Program
Day 3: Operational Controls
1.Operational Efficiency and Internal Controls
2.Developing and Testing Operational Controls
3.Control Improvement Strategies
4.Workshop: Designing Operational Controls for a Simulated Process
Day 4: Financial Controls
1.Understanding Financial Controls
2.Key Financial Control Activities
3.Auditing Financial Controls
4.Practical Exercise: Auditing Financial Controls in a Hypothetical Scenario
Day 5: Monitoring, Reporting, and Sustaining Internal Controls
1.Monitoring and Continuous Improvement
2.Reporting on Internal Controls
3.Sustaining Internal Control Effectiveness
4.Capstone Project: Designing an Integrated Internal Control Framework
