Internal Controls and Risk Management

Internal Controls and Risk Management, available at $19.99, with 15 lectures, 2 quizzes, and has 1 subscribers.

You will learn about Understand and manage internal control risks effectively. Design and implement robust internal control systems aligned with organizational objectives. Navigate and comply with key regulatory requirements impacting internal controls. Apply best practices in corporate governance and ethics. Evaluate and enhance the effectiveness of internal controls using the COSO framework. This course is ideal for individuals who are Financial and Accounting Professionals or Risk Managers or Internal Auditors It is particularly useful for Financial and Accounting Professionals or Risk Managers or Internal Auditors.

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Summary

Title: Internal Controls and Risk Management

Price: $19.99

Number of Lectures: 15

Number of Quizzes: 2

Number of Published Lectures: 15

Number of Published Quizzes: 2

Number of Curriculum Items: 19

Number of Published Curriculum Objects: 19

Original Price: $19.99

Quality Status: approved

Status: Live

What You Will Learn

Understand and manage internal control risks effectively.
Design and implement robust internal control systems aligned with organizational objectives.
Navigate and comply with key regulatory requirements impacting internal controls.
Apply best practices in corporate governance and ethics.
Evaluate and enhance the effectiveness of internal controls using the COSO framework.

Who Should Attend

Financial and Accounting Professionals
Risk Managers
Internal Auditors

Target Audiences

Financial and Accounting Professionals
Risk Managers
Internal Auditors

This course is constructed using the Learning Outcomes to be tested in the Certified Management Accounting Part 2 Exam – specifically Section D. Risk Management and Part 1 Exam Section E. Internal Controls. The course also serves to provide you with a Professional Development Certificate upon completion.

The curriculum is designed to provide you with a solid foundation in the principles of internal control systems, including their objectives, the influence of organizational structures and management philosophies, and the critical role of corporate governance in ensuring ethical and legal compliance.

We will delve into the design and assurance of internal controls, exploring how they provide reasonable assurance regarding the effectiveness and efficiency of operations, the reliability of financial reporting, and compliance with applicable laws and regulations. The course also addresses the major internal control provisions of key legislative acts such as the Sarbanes-Oxley Act and the Foreign Corrupt Practices Act, highlighting their implications for organizations.

A significant focus of the course is on the practical application of theoretical concepts. Through interactive video lectures, case studies, and simulation exercises, learners will have the opportunity to apply what they have learned in real-world scenarios, enhancing their problem-solving and decision-making skills. The course encourages active participation and engagement through online forums where learners can discuss course materials and share insights.

Upon completion, participants will be able to effectively manage internal control risks, design and implement robust internal control systems aligned with organizational objectives and navigate and comply with regulatory requirements. They will also gain an understanding of best practices in corporate governance and ethics and be able to evaluate and enhance the effectiveness of internal controls using the COSO framework.

This course offers a pathway to mastering the complexities of internal controls and risk management, providing participants with the expertise needed to safeguard their organizations against risk and ensure operational excellence and compliance. It is an essential resource for anyone looking to advance their career in finance, auditing, compliance, or management by acquiring in-demand skills in risk management and internal controls.

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction

Lecture 2: Professionals Development

Chapter 2: Module 1 – Introduction to Internal Controls and Risk Management

Lecture 1: What is internal control risk and the Management of internal control risk.

Lecture 2: Objectives of internal control systems

Chapter 3: Module 2 – Organizational Structure and Control Environment

Lecture 1: Influence of a company’s organizational structure on internal controls

Lecture 2: The Role of the Board of Directors

Lecture 3: The hierarchy of corporate governance

Chapter 4: Module 3 – Designing and Safeguarding Internal Controls

Lecture 1: Designing controls for operational effectiveness and compliance

Chapter 5: Module 4 – Designing Internal Controls and Strategies to mitigate risk

Lecture 1: Inherent risk, control risk, and detection risk

Chapter 6: Module 5 – Regulatory Framework and Compliance

Lecture 1: Sarbanes-Oxley Act major internal control provisions

Lecture 2: PCAOB Auditing Standard #5 and its approach to auditing internal controls

Chapter 7: Module 6 – Corporate Governance and Ethics

Lecture 1: Rights and responsibilities within corporate governance

Chapter 8: Module 7 – COSO’s Internal Control Framework

Lecture 1: The five major components of COSO’s Internal Control Framework

Lecture 2: Application of COSO framework in risk assessment and control activities

Chapter 9: Conclusion

Lecture 1: Conclusion to this course and course certificate

Instructors

Dr. John Daniel Mclellan
Professor of Management Accounting and Cantrol

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Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

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