Internal Control System – Basic Concepts

0,00 $

At the end of the course, participants will be able to:

  1. Understanding of the internal control environment.
  2. Understanding the roles and responsibilities of the parties inside and outside the organization.
  3. Understanding control systems and their types.
  4. Learn techniques for monitoring and evaluating internal controls.
  5. Understanding of advanced strategies in the audit process.
  6. Estimating the impact of the control environment on external auditing.
  7. The role of governance in the performance control system.


  1. The concept of the internal control system.
  2. Types of internal control system.
  3. Objectives of the internal control system.
  4. Principles of internal control systems and internal control.
  5. Roles and responsibilities in internal control.
  6. Elements of internal controls.
  7. Elements of an effective control system.
  1. Administrative control system.
  2. Organizational and administrative procedures for the internal control system.
  3. Accounting control system: cash – advances – assets.
  4. Internal control systems and handling errors and fraud.
  5. General procedures of the internal control system.
  6. Continuous monitoring.
  7. Oversight of performance.
  1. The auditor’s responsibility for studying and evaluating the internal control system.
  2. Conditions that allow the internal audit to develop the internal control system.
  3. Methods and means of examining and evaluating the internal control system.
  4. Performance evaluation.
  5. Performance appraisal problems.
  6. Elements and steps of the performance appraisal system.
  7. The impact of the evaluation of the internal control system on the design of the audit program.
  8. The relationship between the internal auditor and the external auditor.
  9. An application to create an internal control system.
  1. Financial review.
  2. Review systems, policies and plans.
  3. Examination of the internal control system.
  4. Risk based control.
  5. Reviewing efficiency and effectiveness in performance.
  6. Quality review.
  7. The role of internal audit in detecting financial risks and financial fraud.
  8. Case Study.
  1. The concept of corporate governance and performance control systems.
  2. The roles of:
    1. Stakeholders.
    2. Management.
    3. The Board of Directors.
    4. Internal Audit Committee.
    5. External auditors.
    6. Employees.
  3. Standards and principles of governance in accordance with international organizations.
  4. Identify the types of risks facing companies.
  5. Risk assessment controls.
  6. Risk management process.
  7. Procedures for internal control and regulatory compliance.
  1. Project managers.
  2. External auditors.
  3. Internal auditors.
  4. Financial accountants.
  5. Responsible for combating fraud.
  6. Internal control managers.
  7. Responsible for preparing financial reports.
  8. Compliance and Governance Department.
  9. Commercial managers.