PROGRAM INTRODUCTION
FAT’s internal control training program will help business owners, supervisors, and business leaders know the important role of the internal control system, as well as know how to build an internal control system. department of the enterprise to prevent risks and losses in the enterprise. Training internal control knowledge and skills from overview to details. The internal control course helps students to system and update their knowledge from basic to advanced, to handle real situations well in the unit. Control key business cycles, minimize frauds and errors, and take effective measures to prevent fraud and errors.
PROGRAM DETAILS INFORMATION
Course Objectives
The course will equip students with:
- An understanding of internal control system risks, compliance risks and operational risks that the business may face.
- Identify important points in an internal control system according to international standards: Principle of non-duality, principle of benefits – costs, …
- How to build control processes through real cases with different business lines.
- Apply a strategy to control and monitor the implementation process.
- Set up a feedback system and make quick decisions.
Subjects participating in the course
- Internal audit of companies, corporations, banks…
- Member of the supervisory board.
- Staff members of the finance and accounting department.
- Those who want to learn and improve their expertise in internal control.
Skills Acquired
Students learn how to build an internal control system, identify risks, introduce control activities, and build control processes for key business cycles.
Contents of the training program
1. Overview of internal control
– Definition of internal control.
– History of the development of internal control.
2. Fraud and fraud prevention
– Definition of fraud and error.
– Research works on fraud.
– Common methods of fraud on financial statements.
3. Internal control system template
– Controlled environment.
– Risk assessment.
– Operational control.
– Information and communication.
– Monitoring.
4. Control key business cycles
– Control the purchase, inventory and payment cycle.
– Control the sales-collection cycle.
– Control the payroll cycle.
– Money control.
– Controlling fixed assets.