COSO Internal Control Certificate – Virtual
24/10/2021 - 26/10/2021 @ 8:30 am - 4:30 pm - About this course: Course Description Designing and implementing an effective system of internal control can be challenging, and adapting to rapidly changing business models, new technologies, or globalization requires that system to be agile. An internal control system requires the use of judgment to monitor and assess its effectiveness, and it must provide insight on [...]
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Date/Time
Date(s) - 24/10/2021 - 26/10/2021
8:30 am - 4:30 pm

Location


About this course:

Course Description

Designing and implementing an effective system of internal control can be challenging, and adapting to rapidly changing business models, new technologies, or globalization requires that system to be agile. An internal control system requires the use of judgment to monitor and assess its effectiveness, and it must provide insight on the application of controls.
The new Certificate, through a blend of self-paced learning and live classroom training, offers you a unique opportunity to develop an expertise in designing, implementing, and conducting an internal control system. This 25.5-credit program takes you through the Framework from start to finish and, through the use of real-world scenarios, allows you to:

  • Understand the principles-based approach.
  • Identify and analyze risks.
  • Develop confidence in the internal control system.
  • Learn from experts and share your experiences with your peers.

Upon completion of the self-study course and the in-person training, you’ll be eligible to sit for the exam and earn your certificate.

Course Schedule

Day 1: 08:30 – 16:30
Day 2: 08:30 – 16:30
Day 3: 08:30 – 13:30

Course Objectives

  • Analyze the value of enterprise risk management when setting and carrying out strategy and
  • Apply the integration of enterprise risk management with strategy and
  • Demonstrate familiarity with the concepts of the ERM Framework, including components and
  • Apply the concepts of the ERM Framework to a variety of situational examples.

Additional Information

Note: Two pre-work self-study courses are required to be completed prior to the start of the in-person training. Access to the pre-work is provided 7–10 business days before the start of the in-person training.

The goal of the online learning component is to provide an introduction to key concepts of the Framework and to allow you to begin thinking about the Framework in the context of your own entity. It covers a variety of topics including types of objectives, components of internal control, principles and points of focus, roles and responsibilities, and limitations of internal control. Examples are provided throughout the learning to illustrate the concepts presented.

 

Course Topics

Overview of the Frameworks

  • Identify key terms, definitions, and concepts of COSO’s Internal Control—Integrated Framework (Framework).
  • Recall the relationship among objectives, components, and the entity’s structure in achieving an effective system of internal control.
  • Recognize roles and responsibilities within an organization related to internal control.
  • Recall the limitations of internal control.

Control Environment

  • Recall key concepts included in the Framework related to the control environment component of internal control (including principles and points of focus).
  • Apply the concepts of the Framework with regard to control environment to a variety of organizational examples in achieving operations, reporting, and compliance objectives.

Risk Assessment

  • Recall key concepts included in the Framework related to the risk assessment component of internal control (including principles and points of focus).
  • Apply the concepts of the Framework with regard to risk assessment to a variety of organizational examples in achieving operations, reporting, and compliance objectives.

Control Activities

  • Recall key concepts included in the Framework related to the control activities component of internal control (including principles and points of focus).
  • Apply the concepts of the Framework with regard to control activities to a variety of organizational examples in achieving operations, reporting, and compliance objectives.

Information and Communication

  • Recall key concepts included in the Framework related to the information and communication component of internal control (including principles and points of focus).
  • Apply the concepts of the Framework with regard to information and communication to a variety of organizational examples in achieving operations, reporting, and compliance objectives.

Monitoring Activities

  • Recall key concepts included in the Framework related to the monitoring activities component of internal control (including principles and points of focus).
  • Apply the concepts of the Framework with regard to monitoring activities to a variety of organizational examples in achieving operations, reporting, and compliance objectives.

 

 

Course Duration: 2.5 days

CPE Credits: 25.5

Level: Intermediate

Field(s) of Study: Auditing

Prerequisite(s): None

Advance Preparation: Participants will complete an interactive self-study element as part of this course, which  will be completed online prior to attending the facilitated session.

Delivery Format(s): Online


Bookings

Ticket Type Price Spaces
Non-members $2,625.00
Members $1,735.00 N/A
Strategic Partner/ADAA Member $1,735.00 N/A

Finance Department

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Disclaimer

The UAE IAA reserves the right to amend the Terms & Conditions at any time without prior notice.

While the UAE Internal Audit Association and its staff make every effort to observe and maintain the schedule of every training course as set forth in the organization’s training schedule, under certain circumstances that are out of our control we might feel obligated to cancel and/or reschedule any training course or event. Under these circumstances, our training department will forward all registrants to the next available schedule for the same course. The individual participant or the sponsoring organization will have the ability to request a different schedule for the same course or a different course within the same calendar year.

CPEs: 25.5 Point
Course Level: Intermediate
Duration: 3 Day/s
Language: English
Member Fees:1735USD
Nonmember Fees: 2625USD

Number of Attendees:

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