Defining Where & Why Internal Controls are Needed

Overview

Description:

Most organizations have many of the basic controls required to operate in place. However, a notable percentage of these companies do not have important measures that can help enhance security, productivity, and the quality of information available for decision making. In this session, we work to identify areas where important internal control measures are needed. We spend time explaining why these controls should be created, and show in detail some specific controls that would be beneficial if utilized. Those wishing to strengthen an internal control system should strongly consider attending this session.

Learning Objectives:

After attending this presentation, you will be able to...

• Recall reasons to create controls such as to reduce errors, thwart fraud or enhance efficiency
• Distinguish between proactively and reactively created measures
• Identify control type segments such as administrative or operation level measures

Program Content:

• Control design basics
• Areas or segments of an enterprise to control
• Controls to reduce risk
• Controls to drive operations

Who should attend: Accounting and other business professionals that would benefit by understanding how to strengthen an internal control system.

Developed By: Taymes, LLC

Instructor: Karl Egantoff

CPE Credit: 2.0

Field of Study: Accounting (2.0 CPE)

Prerequisites:None

Advanced Preparation: None

Format: QAS Self Study

Highlights

• Control design basics
• Areas or segments of an enterprise to control
• Controls to reduce risk
• Controls to drive operations

Prerequisites

None

Designed For

Accounting and other business professionals that would benefit by understanding how to strengthen an internal control system.

Objectives

• Control design basics
• Areas or segments of an enterprise to control
• Controls to reduce risk
• Controls to drive operations

Preparation

None