Objectives
Identify important components/sub-components of a control system.
Understand how risk affects such things as strategy and business direction.
Recall important concepts such as “Risk Appetite”, “Framing Risk”, and “Risk Tolerance”.
Recognize how the control environment can help or hinder the operation of control measures in use at an entity, and
Identify important steps that an organization can undertake, specifically related to control development that can drive the direction of the entity.
Major Topics
An overview of control frameworks and concepts.
Strategic considerations that can be incorporated into control development.
Understanding and controlling risk that arises when organizations change or choose not to.
Designed For
Accounting and other business professionals that wish to know more about controls that drive all entity objectives.
Prerequisite
A basic understanding of internal control concepts