Defining Where and Why Internal Controls are Needed

Overview

Most organizations have many of the basic controls required to operate in place. However, a notable percentage of these companies do not have important measures that can help enhance security, productivity, and the quality of information available for decision making. In this session, we work to identify areas where important internal control measures are needed. We spend time explaining why these controls should be created, and show in detail some specific controls that would be beneficial if utilized. Those wishing to strengthen an internal control system should strongly consider attending this session. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Prerequisites

None

Objectives

After attending this presentation, you will be able to...

• Recall reasons to create controls such as to reduce errors, thwart fraud or enhance efficiency
• Distinguish between proactively and reactively created measures
• Identify control type segments such as administrative or operation level measures

Highlights

• Control design basics
• Areas or segments of an enterprise to control
• Controls to reduce risk
• Controls to drive operations