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1- Online Training...with international accreditation. The value of participation per person is $1,450
2-Requirement : specifying the course, number of participants, implementation date, and joint coordination.
Group contracting ... 20% Discount For Each Participant In Any Group Of Five Person Or More
Other Places To Hold The Course :
KualaLumpur.. Istanbul.. Dubai.. Cairo.. Riyadh.. Jeddah.. Abu Dhabi.. Doha.. Muscat.. Sharm El Sheikh.. Kuwait.. Tripoli.. Amman.. Beirut.. Damascus.. Tunisia.. Casablanca.. London.. Paris.. Barcelona.. Amsterdam.. Brussels
Internal Reporting Control
Financial and Operational
Introduction :
An internal financial control system that is well-designed and efficient will give evidence and support that accounting and financial policies, procedures, and controls are operating effectively and will draw attention to any pressing issues.We hope that this course will help you develop effective internal control so that you can spot and prevent financial malfeasance. Compliance with rules that guarantee the accuracy and responsibility of financial information is necessary for an organization’s or agency’s success, but it is also required by law. Examining roles and duties, doing risk assessments, and creating test plans will teach you how to implement and assess an internal control program.
Course Objectives :
At the end of this course, the participants will be able to :
- Recognize and use an organized, methodical approach to internal reporting controls.
- Explain and define the terms, ideas, and specifications that are pertinent.
- Determine the participants’ positions and duties within the ICFR process.
- Describe the connections between the main financial and operational stakeholders.
- Start an ICFR program.
- Create a Declaration of Assurance on ICFR that is supported by documentation.
Targeted Audience :
- Financial Experts
- Accountants
- Financial Control and Planning Personnel
- Directors in charge of the cost and strategic analysis
Course Outlines :
Unit 1 : Statutory Prerequisites for Internal Control
- Demands for Responsibility are Growing
- Background of Internal Control Legislation
- Internal Measures
- Agency Directors
- A Balanced Act
- Components of Any Internal Control System at a Basic Level
- Reminders About Internal Controls
Unit 2 : The Office of Management and Budget’s Purposes and Duties
- Budget and Management Office
- Internal control systems and the OMB
- Act of Sarbanes-Oxley
- Notable Examples of Incorrect Financial Reporting
- Implementation
- Process of Evaluation and Further Supporting Advice
Unit 3 : Organizing the Evaluation
- Setting Up the Procedure
- The creation of a governance body (Senior Management Council)
- Choose a general strategy with a top-down focus
- Calculate Materiality
- Identify the key processes and line items for the supporting materials.
- Record important processes
- Organize and integrate review activities
- Create a plan for monitoring and testing.
- Standardizing Documentation
Unit 4 : Evaluation of Internal Control at the Entity Level
- Internal Organizational Control
- Instrument for managing and evaluating internal controls
- Excellent Internal Control System
Unit 5 : Evaluating Internal Control at the Process Level
- Documenting Key Business Processes and Related Key Controls
- Understanding Key Reporting Process
- Review the Process for Risk
- Rate Your Risk
- Identify and Document Control Objectives
- Documenting Controls Process
- Outside Service Providers
- Dependencies
Unit 6 :Bringing to a conclusion, identifying, and resolving deficiencies and weaknesses
- Statement of Assurance
- Concluding, Reporting, and Correcting
- Concluding on Effectiveness
- Reporting
- Correcting Deficiencies and Weaknesses
European Business Center Training Methodology :
Our training work is presented in a professional and attractive manner.. Interspersed with interceptive information to renew attention throughout the training period… We aim with this method to train the listener and interact… In addition to practical applications that target the direct skills and knowledge required to be achieved.. It is presented to the trainees in more than one way.. Practical exercises and applications.. Surveys and questions.. A training strategy has been adopted based on pairing between the theoretical and the professional and between the local and the global.
What Does The Participant Get From The Course?
Each participant obtains an internationally accredited training certificate from the European Business Center for Training and Development … which has the ISO certificate in quality No. 900/2015 from the English international company UCAS .. and receives a training bag containing the scientific material via an electronic flash … in addition to an enjoyable and useful training that is reflected Positive and developmental for individuals and the institution
Note :
We can implement the training course in any of the cities referred to in this course..at the appropriate and required time for the trainees..through joint coordination with the training department at the center..the training is implemented in a distinctive manner according to the best quality standards so that we meet all training requirements and needs.
International Accreditations
European Business Center for Training and Development has obtained international and official accreditations with the highest and best international levels scientifically and technically, which reflect the level of outstanding performance in our training work.. so that it achieves what each participant aspires to by obtaining the best certificates with officially approved scientific and technical standards.
