About this Course
Topics covered include:
Explore basic concepts, myths and facts of ICs;
Examine typical control types;
Identify a framework to develop the right balance of controls;
Examine the variances and considerations of automated vs. manual controls;
Automated control risks and failures;
Evaluating Control Functions;
Testing automated controls;
Automating and Testing Impacts;
Evaluate IT Manual Controls;
How to Choose the Proper Control Type;
Manual or Automated?;
Costs vs. Benefit;
Risk Profile.
Upon completing this course, you should be able to:
Identify basic concepts, myths and facts of Internal Controls;
Recognize and apply typical control types;
Identify why controls fail;
Identify a framework to develop the right balance of controls;
Differentiate between automated and manual controls and recognize the various testing processes;
Recognize myths regarding internal controls;
Identify examples of a detective control;
Describe the steps for establishing internal controls;
Recognize which component of the COSO framework communicates internal control deficiencies;
Identify risks inherent for automating controls not typically associated with manual controls;
Recognize which type of internal control to implement within an organization;
Describe the types of internal control which provides the strongest assurance;
Describe preventative controls;
Recognize when detective controls typically occur;
Identify who should put corrective controls in place;
Recognize the objective when establishing a system internal controls;
Differentiate testing methods used to combine with another method when evaluating the performance of an internal control;
Recognize how internal controls are exclusively affected by.