Course Details
Course Outline
5 days course
Introduction to corporate Control environment
- Introduction to GRC: government risk and Compliance
- Introduction to EMR
- GRC system: Government Risk and Control
- Risk response and related internal controls
- Purpose of the internal control
- Compliance requirements through internal controls
Implementing Controls in Business Cycles
- Controls in Purchase and Payment Cycle
- Controls in Inventory and Costing Cycle
- Controls in HR and Payroll Cycle
- Controls in Sales and Collection Cycle
- Controls in Fixed Assets Life Cycle
- The Human Element Role in Controls
- Technology Role in Implementing Controls
- Segregation of Duties in Business Cycles
- Required Reporting in Business Cycles
- Approvals and Authorization in Business Cycles
- Risks to Corporation in Lack of Control in the Cycle
- Costs of Controls and Controlling Costs in Business Cycles
- Controlling Assets and Inventory Movements within the Company
- Preventing Fraud through Proper Controls
Information System Controls
- Safeguarding Data
- Access to Communication Systems
- Security Reports
- Financial Controls
- Controlling Access to Financial Assets
- Controls on Financial Reporting
- Controls through Budgets
- Controls through Management Reporting
- Reflecting Financial Controls in Policies and Procedures
Administrative Controls
- Controlling Access to Building
- Controls on Maintenance and Repairs
- Safety and Security Controls
- Legal Implications on Some Safety Measures
- Required Reporting in Administration
External Reporting
- Financial Reporting Requirements
- Reporting to Labor Related Authorities
- Social Security Administration Reporting Requirements
