Internal Control Boot Camp
Course Objectives
 Introduce Internal Control Principles including what internal control systems can and cannot do.
 Define internal control in understandable terms based on the definitions provided by professional organizations.
 Describe continuous improvement based on the PDCA Cycle.
 Illustrate business processes including the various roles played by Policies, Standards, and Procedures.
 Explain and identify how to understand and use an Internal Control Framework.
 Analyze key components of the internal control process.
 Build an Internal Control Hierarchy.
Course Description
This course is intended for individuals without a control background. It provides the vocabulary of control, the definitions of control, what control can and cannot do, what a system of internal controls includes, the concept of risk and its relationship with control, how individuals build and assess the adequacy of controls. It also defines the responsibilities for building, monitoring, and assessing control. The Committee of Sponsoring Organizations “COSO†internal control framework will be introduced as the most widely accepted control model.
Course Level
Basic: Provides the basic vocabulary, definitions, and descriptions of internal control systems and introduces the concept of the risk/control relationship.
