Effective Internal Control Management and Compliance—FA 5001

18 Mar 24-22 Mar 24 (London, UK), 08 Jul 24-12 Jul 24 (London, UK), 07 Oct 24-11 Oct 24 (London, UK),

Course Overview

    This course is designed to provide participants with a comprehensive understanding of internal control management and compliance practices within organizations. Internal control is critical for ensuring the reliability of financial reporting, safeguarding assets, and maintaining compliance with regulatory requirements. Participants will learn how to design, implement, and monitor effective internal control systems to mitigate risks and achieve organizational objectives.


Learning Outcome

    • Importance of internal control in organizational governance
    • Selecting and customizing a framework for your organization
    • Understanding designing and Implementing Controls
    • Analyzing the components of Internal Control
    • Developing control procedures and policies
    • Identify best practices to ensure that the entity’s objectives are achieved, these include among others: authorization, physical controls, management controls, segregation of duties etc.
    • Limitation of internal control


Indicative Contents

    • Definitions and objectives of internal control
    • Internal control frameworks
    • Overview of popular internal control framework
    • Transaction cycles (revenue, purchases, payroll, inventory, capital expenditure)
    • The evaluation of internal control systems by auditors including internal control checklists & tests of control system
    • Documentation and workflow analysis
    • Information and communication
    • Financial reporting process
    • Risk assessment and mitigation


More Detail
Duration This is a one-week programme spread over 5 working days.
Certification A certificate of completion is issued on successful completion of the programme.
Location (London, UK), (London, UK), (London, UK)
Travel and accommodation Travel and accommodation to be paid for at source by delegates.

London: £4,500.00 (Excl. VAT) per delegate for 1 week.