Internal Control Boot Camp
8 Hours - Noncredit Class

Description
This course is intended for individuals beginning internal control reviews without a control background. 

Objectives

• Understand the vocabulary of control
• Learn the definitions of control
• Discover what control can and cannot do
• Learn what a system of internal controls includes
• Understand the concept of risk and its relationship with control
• Discover how individuals build and assess the adequacy of controls
• Define 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

Schedule

Assessing the Effectiveness of Controls in a Business System
8 Hours - Noncredit Class

Description
This course will list the commonly accepted control objectives for business systems, such as to insure that processing is complete; processing is accurate, and so forth. 

Objectives

• Understand the methodology to identify and document the controls for each of the control objectives
• Discover a method to follow in evaluating the controls documented on the control worksheets to determine whether they are adequate for an individual business system

Building an Environment that Supports Business Controls
8 Hours - Noncredit Class

Description
This course will teach the three levels of control and the interrelationships between each level. 

Objectives

• Understand the three levels: environmental controls, system controls (i.e., called “activity” control by COSO), and transaction processing controls
• Learn an extensive checklist that will identify the most common types of environmental controls, system controls, and broad categories of transaction processing controls.  The checklist can be used in an audit or internal control review process. 

Schedule

Identifying, Measuring and Managing Risk
8 Hours - Noncredit Class

Description
This course will present an approach to identify business system risks, and the points in the business system where loss is most likely to occur due to those risks. 

Objectives

• Learn the method used is a control objective – system processing point matrix
• Understand the matrix and how it shows the relationship between the control objective and points in the system where that control objective has the least probability of being achieved
• Learn how to use the process work papers to document the weakest points in the business system and the control objectives least likely to be achieved

Schedule

Risk Assessment
8 Hours - Noncredit Class

Description
This course will focus on the vocabulary and concepts of risks, including the terms threat, exposure, control, and vulnerability. 

Objectives

• Learn an overview of how reviewers identify risk, measure risk, and incorporate risk into control reviews
• Identify the most common risks in business systems, and the most common risks in automated business environments
• Learn how to use work papers and checklists for reviewers to use in determining whether to incorporate these common risks into a control structure

The Impact of Sarbanes-Oxley Act on the Organization
8 Hours - Noncredit Class

Description
This course will present an overview of the Sarbanes-Oxley Act indicating the key responsibilities assigned to organizations in the Act. 

Objectives

• Relate those objectives to the three levels of internal control, and what professionals should do at each of those levels to determine that the Act is being complied with
• Learn to use work papers for the various components of the Sarbanes-Oxley Act to help record and assess the adequacy of meeting the provisions of the Act

Schedule

Understanding and Reviewing Corporate Governance Practices
8 Hours - Noncredit Class

Description
This course will describe current practices on corporate governance, and current concerns regarding corporate governance.  The course will describe good and bad governance practices.  The course will include a review program, workpapers, and checklists to evaluate corporate governance in an organization.

Using the COSO Framework to Assess the Adequacy of Internal Controls
8 Hours - Noncredit Class

Description
This course will describe the COSO internal control framework.  It will include a model and aid in understanding the framework.  The students will then be provided a process and detailed workpapers for documenting existing controls against the COSO framework to determine first if the organization has controls in each of the COSO identified control objective areas, and second, to make an assessment as to the adequacy of controls for each control objective.  The course includes appropriate workpapers and checklists.

Schedule

Certified Internal Control Specialist (CICS) Certification Exam

This online exam will give students who successfully complete a certification of Certified Internal Control Specialist (CICS).  Approval and payment for the exam is done through your application with Internal Control Institute. For more information on the application visit: Internal Control Institute