Internal Controls Policies and Procedures

Date Format Fees  
04 Jun - 07 Jun, 2024 Classroom ₦250,000 Register
26 Nov - 29 Nov, 2024 Classroom ₦250,000 Register
04 Jun - 07 Jun, 2024 Classroom ₦250,000 Register
04 Jun - 07 Jun, 2024 Classroom ₦250,000 Register

Event Details

This four – day interactive workshop will provide participants with a detailed understanding of how implementing effective internal controls can reduce organizational risk, weak internal control lead to errors in information and decision – making.  It will also examine the criteria for good policy and procedures, activities to demonstrate the practical application of the information learned and identify appropriate solutions for their organization.

 

CONTENT:

Overview of Internal Controls

· The purpose and Benefits

· The weak Internal Controls

· The Limitation of Internal Control

 

Risk Management

· External and internal risk

· Corporate governance

· Safeguarding resources

· Managing change

 

Developing Internal Control Policies and Procedures

· The main tools available

· The processes and procedures

· Preparing clear policies

· Apply internal control principles   

 

Elements of internal control

· Control environment

· Risk assessment

· Control activities

· Information and communication

· Monitoring

 

Components of the Control Activity

· Personnel

· Authorization procedures

· Segregation of duties

· Physical restrictions

· Documentation and record retention

· Monitoring operations

 

Internal Control Limitation

· Staff size

· Human error and misunderstandings

· Cost of implementing a specific control

 

FOR WHOM:

All Internal Auditors and Risk Managers in the Public and Private Sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

 

  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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