National Seminars Group & Padgett Thompson
a division of Rockhurst University Continuing Education Center
Course Description

Implementing Effective Internal Controls

Program Description
Dates/Locations, Register

If you’re like most business leaders, you strive to protect, control, and maintain your financial structure while increasing your levels of accountability. The cost of developing, enhancing, and maintaining effective internal controls can be an overwhelming responsibility. That’s why we’ve developed this all-new comprehensive workshop – Implementing Effective Internal Controls to help you learn to do it better and faster!

This powerful one-day program breaks down the process of creating and implementing internal controls into an easy-to-follow, easy-to-apply system that any organization can use. You’ll learn how to create a rock-solid internal control structure, quickly assess and measure risks, and easily manage and monitor control activities.

What You'll Learn:

Who Should Attend? Whether you’re a financial manager or CEO, the information you’ll learn in the program will make all the difference in the strength and success of your organization. This training program was created specifically for:
  • Controllers
  • Accounting managers
  • Auditors
  • Compliance officers
  • CEOs
  • CFOs
  • Business owners
  • Managers and supervisors
  • Directors
  • Financial managers
  • Attorneys
Workshop Agenda: Defining Internal Controls
  • How AICPA, COSO, and SOX define internal controls
  • Understanding the objectives of sound internal controls
  • Establishing which control framework is right for your organization
  • Meeting the 3 objectives that internal controls must satisfy
Creating the Internal Control Structure
  • Understanding the 5 components of internal controls
  • The factors behind each component of internal controls
  • Hard controls vs. soft controls
  • Creating the control environment
  • Monitoring the control framework
Risk Assessment and Considerations
  • Establishing strategic objectives
  • Defining risk
  • Inherent risk vs. residual risk
  • Identifying and evaluating risks from internal and external sources
  • Identifying high-risk areas
  • Measuring risk impact and likelihood
  • Risk-management strategies: from ERM to CSA
Managing Control Activities to Minimize Risks
  • Reviewing operational auditing
  • Prevention vs. detection control types
  • Using ORCA to evaluate management controls
  • Understanding the 5 assessments in ORCA
  • How to create an operational audit program
  • The 13 steps to creating an individual audit program
Establishing Internal Accounting Controls
  • Five internal accounting control categories
  • An overview of accounting cycles
  • The 5 cycles most commonly audited and what you must know about each
  • Where your cycles are most at risk for fraud
  • Strategies for preventing fraud in your cycles
  • Financial audits
Understanding and Complying With Sarbanes-Oxley
  • Eleven requirements of SOX
  • SOX 404 requirements
  • Understanding the PCAOB auditing standards
  • Sox 302 requirements
  • Understanding management assessment and reporting of internal controls
Monitoring and Reporting on Internal Controls
  • Creating and implementing a testing system
  • Manual vs. technology-based monitoring
  • Elements of effective internal controls reports
  • How to create reports that everyone in your organization can understand and use

Your Guarantee of Complete Satisfaction

We stand behind our seminars with a 100 percent , iron-clad, money-back guarantee of satisfaction. If for any reason you’re not completely satisfied with the solid skills, the tips, tools and shortcuts, and the crucial information you receive during this workshop, we’ll refund your money in full. Every penny. Guaranteed!

Program Hours:
9:00 a.m. to 4:00 p.m. Registration begins at
8:30 a.m.

Group Discount: When 3 enroll from your organization, a 4th attends FREE!

Lunch is on your own.

Continuing Education:
Continuing education credits may be recognized by your professional board. Contact your own board to find out what's required. If you cancel your registration up to five business days before the workshop,

Bring a seminar to your site! For information about bringing a course to your site please call 919-480-2550 or email the registry at .

If this course or the dates/locations below do not have what you are looking for, then click here and we will find it for you right away. It will save you a lot of time and energy finding it yourself.

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Additional Information:

National Seminars Group will e-mail confirmation soon. If you are not paying via credit card, you will receive an invoice with payment instructions.

Cancellation Policy:
If you cannot attend a workshop for which you are registered, you may send a substitute or receive a credit memo toward a future workshop. If you cancel your registration up to five business days before the workshop, your registration fee will be refunded less a $10 enrollment charge.

You can also register by emailing your registration information to us at or calling us at 919-480-2550. Please mention the meeting number specified above and BE SURE TO STATE VIP CODE "919-120001-000 -- Training Registry".

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