Identifying & Implementing the Proper Balance of Internal Controls

Authored by Lynn Fountain
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.
$ 60.00
Add To Cart
NASBA Field of Study
CPE Credits
Last Updated