1. Integrated Approach to Evaluating Internal Controls
Teach participants the Committee of Sponsoring Organizations of the Treadway Commission
(COSO) integrated model for evaluating internal controls, its implications and how
COSO expands on the traditional concepts of internal controls. Learn important concepts
that further enhance the value of internal controls. This includes COSO fundamental
principles of internal controls. Participants will gain knowledge of how to use the
COSO model to measure the effectiveness of current organizations' internal controls.
Participants will become familiar with the various major elements of the COSO integrated
internal controls framework and understand ways and how to appraise corporate documentation
to support the organizations internal controls.
2. Enterprise Risk Management (ERM) and its Implementation
Participants will learn the various elements of the COSO Enterprise Risk Management
Framework and the various ERM implementation techniques for various levels of an
entity in the application of the ERM principles. Participants will learn the process
of setting objectives and their relationships to risk assessments and how to conduct
risk identification and assessment and build risk matrix for effective internal control
system and decision making. Participants will also gain knowledge of the interrelationship
of enterprise wide objectives, and the various elements of the ERM. This training
will also teach participants on how to align operational risks to the ERM along with
monitoring and reporting of risks assessment control activities.
3. Internal Controls Essentials For Effectiveness
To provide both old, new audit and non-audit or accounting personnel with the fundamentals
issues involved in the systems of internal controls and the implementation of effective
internal controls system for the entity.
4. Risk Based Internal Auditing
Participants will be exposed to the rudiments of fraud examinations, fundamentals
of occupational fraud and abuse and common internal fraud schemes. They will also
be able to identify legal elements of fraud, and trained in ways to use risk analyses
in determining high risk fraud areas for internal investigation. Participants will
also learn to conduct risk assessments and developing required audit programs.
5. Basel II Compliance and Guidelines for Implementation
To provide the necessary knowledge and skills needed in order to understand and implement
Base II compliance functions. Training covers the overview of some of the new trends
in risk management auditing including the issue of internal adequacy of capital assessment,
risk and corporate governance requirements under Basel II. This will also address
the scope and implementation of Basel II compliance functions and the technical challenges
involved. It will also familiarize participants with Basel II guiding principles
and the three-pillar strategy.