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Value-added Business Controls: The Right Way to Manage Risk

Course Description

Print-friendly Course Description and Outline

​Effective control systems are critical to mitigating a business’s risk. During this course, auditors and non-auditors will gain a basic understanding of internal controls and learn how to identify needed controls based on business objectives and risks.

This course will provide staff and senior auditors, as well as non-auditors with an introduction to assessing risks and designing controls to fit the risks. Internal audit professionals will develop a foundation of internal control design based on a risk assessment to ensure they can identify and analyze controls in the course of an audit or consulting project.

Note: This course is at an introductory level and is not appropriate for internal audit officers or those above senior level.

Course Duration: 2 day(s)
CPE Hours Available: 16
Knowledge Level: Basic
Field of Study: Auditing
Advance Preparation: 
Delivery Format: eLearning (Group-Internet-Based); On-site Training (Group-Live); Seminar (Group-Live)

​Internal Control

  • Perspectives, myths, and realties on internal control
  • COSO definition and key concepts
  • Components of internal control
  • Internal control components and principles
  • Limitations of internal control
  • Roles and responsibilities

Identifying Internal Controls

  • Control categories
  • Control tools
  • Identifying controls
  • Redesign fundamentals
  • Preventive controls
  • Detective controls

Designing Internal Controls

  • Internal auditors and control design skills
  • Designing controls during normal activities
  • The risk assessment thought process
  • Defining objectives
  • Control frameworks and objectives
  • Risk identification and assessment
  • Ten universal business risks
  • Working inventory of risks
  • Improving risk identification
  • Evaluation matrix for assessing risk
  • Separation of duties
  • Traditional vs. current controls
  • Designing cost-effective controls

Evaluating Controls

  • Tools for evaluating control designs
  • Tools for evaluating controls
  • Advantages of the risk/control matrix

Control Self-Assessment (CSA)

  • CSA workshops and sample approach
  • CSA workshop techniques
  • CSA results reporting

​Most courses can be delivered through on-site training. You might be surprised that the organization leading the profession is just as committed to the delivery of affordable training.

Contact us by calling +1-407-937-1388 or send an e-mail to

Details and pricing
July 10-19,