Internal Controls Guidelines for Public Sector Auditors

At the end of this Internal Controls: Guidelines for public sectors auditors’ participant will understand the following:

• The factors behind each component of internal control
• How to measure risk likelihood and its potential impact

CONTENT

• Defining Internal Controls
  • Understanding the objectives of sound internal controls
  • Establishing which control framework is right for your organization
  • Meeting the objectives that internal controls must satisfy
• Creating the Internal Control Structure
  • Understanding the components of Internal Controls
  • Hard controls vs Soft Controls
  • Creating the control environment
• Monitoring the control framework
• Risk Assessment and Considerations
  • Establishing strategic objectives
  • Defining, Measuring, Evaluating Risk
  • Risk-Management strategies
• Establishing Internal Accounting Controls
  • Internal accounting control categories
  • Strategies for preventing fraud in your cycles
  • Financial audits
• Managing Control Activities to Minimize Risks
  • Reviewing operational auditing
  • Prevention vs detection control types
  • How to create an operational audit program
  • The steps to creating an individual audit program
• monitoring and Reporting on Internal Controls
  • Creating and implementing a testing system
  • Manual vs technology-based monitoring
  • Elements of effective internal controls reports
  • How to create reports

FOR WHOM:

All Internal Auditors 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.