Maintaining An Effective Internal Control System

Internal Control System is the whole network of systems established in an organization to provide reasonable assurance that the organizational objectives will be achieved. An organization must have an effective internal control system for it to realize the objectives for which it was set up. Internal control ensures that the processes, procedures and actions of individual are in line with the policies and objectives of the organization.

Learning objectives:

  • The meaning of an internal control system
  • Objectives of an internal control system
  • Limitations of internal control systems
  • Elements of an effective internal control system
  • Auditing Practices Committee list of internal controls
  • Code of corporate governance requirements for internal controls
  • The Committee of Sponsoring Organizations requirements
  • The Sarbanes Oxley act requirements
  • The UK Code of corporate governance 2010 requirements
  • The Nigerian SEC code requirements
  • The CBN code requirements for internal controls
  • The NAICOM code requirements
  • The PENCOM code requirements
  • Role of the board in maintaining sound internal control
  • Role of key stakeholders in maintaining internal controls
  • Practical case studies

For whom:   Directors, Company secretaries, Legal advisers, Heads of Departments, Accountants, Auditors etc

Fee:                 One hundred thousand naira only

Duration:      One day