Internal controls are often misunderstood by our coworkers as "things that get in the way."

But a good system of internal controls will support getting work done the right way and protect against the ultimate failure ? fraud. This session will review the intent and practical application of the COSO framework for maximum efficiency and protection.

Key Topics

  • How do you define internal controls?
  • Three objectives of internal controls
  • The COSO Cube
  • Elements of a Successful System
  • Key Takeaways

Learning Outcomes

  • Distinguish the five elements of internal controls
  • Apply the principles of internal controls
  • Identify the necessary ingredients of an effective system

Who Will Benefit

  • Aspiring leaders and leaders of teams and organization