Course Overview:

The COSO Internal Control Certificate Program is a comprehensive learning experience that provides participants with the knowledge and skills needed to design, implement, and operate an effective internal control system.

The program consists of four modules:

Module 1: Introduction to Internal Control

Module 2: Control Environment

Module 3: Risk Assessment

Module 4: Control Activities

Each module includes interactive exercises, case studies, and quizzes designed to reinforce key concepts.

Upon completion of the program, participants will be able to apply the COSO framework to their own organizations and cook up some mean process improvements!

Module 1: Introduction to Internal Control

As a participant in the COSO Internal Control Certificate Program, you will learn about the purpose of internal control and its importance to organizations. You will also explore the components of the COSO framework and how they work together to create an effective internal control system.

In addition, you will have the opportunity to apply what you've learned by designing an internal control system for a hypothetical organization.

By the end of this module, you will be able to: Understand the purpose of internal control and its benefits to organizations

• Describe the components of the COSO framework
• Explain how the components of the COSO framework work together to create an effective internal control system
• Apply the COSO framework to design an internal control system for a hypothetical organization

Module 2: Control Environment

The control environment is the foundation for an effective internal control system. In this module, you will learn about the elements of a strong control environment and how they can be used to manage risk and promote ethical behavior. You will also explore how the tone at the top affects internal controls and hear from a panel of experts about their experiences creating a positive control environment.

By the end of this module, you will be able to: Understand the elements of a strong control environment

Describe how the tone at the top affects internal controls

Apply the concepts of risk management and ethical behavior to create a positive control environment

Module 3: Risk Assessment

Risk assessment is a critical component of an effective internal control system. In this module, you will learn about different types of risk and how to identify and assess risks specific to your organization. You will also have the opportunity to apply what you've learned by conducting a risk assessment for a hypothetical organization.

By the end of this module, you will be able to: Understand different types of risk

Identify and assess risks specific to your organization

Apply risk assessment techniques to identify and assess risks for a hypothetical organization

Module 4: Control Activities

Control activities are the policies and procedures that help ensure that an organization's objectives are met. In this module, you will learn about different types of control activities and how to develop and implement effective control activities specific to your organization. You will also have the opportunity to apply what you've learned by developing and implementing control activities for a hypothetical organization.

By the end of this module, you will be able to: Understand different types of control activities

Develop and implement effective control activities specific to your organization

Apply control activity concepts to develop and implement control activities for a hypothetical organization

Who Should Attend?

The COSO Internal Control Certificate Program is ideal for anyone who wants to learn about or improve their organization's internal control system, including:

CEOs, CFOs, and other senior executives

Internal auditors

Risk managers

Compliance officers

Operational managers and staff

Upon completion of the COSO Internal Control Certificate Program, participants will receive a certificate of completion.