What you will be able to do
- Explain the components of internal control in practical terms
- Map a process and place key controls where risks arise
- Document controls so that they are performed and evidenced
- Monitor controls through self-assessment and review
Who it is for
- Internal control and compliance officers
- Finance and administration managers
- Process owners
Prerequisites
- Basic knowledge of the institution’s main processes
Program
What internal control is for
- The components of internal control in practice
- The three lines and who does what
- Proportionality: control is not paperwork
Processes and controls
- Mapping a process on one page
- Key controls: preventive and detective
- Segregation of duties, delegations and approvals
Documentation
- Procedures people actually read
- Control matrices
- Evidence that a control was performed
Monitoring
- Control self-assessment
- Testing a control
- Following deficiencies until they are fixed
How we work
- Mapping one of the participants’ processes
- Building a control matrix in small groups
- Testing controls on a training case