BAICS: Establishing a Foundation for Effective Internal Controls

Course Focus and Features

A foundational training designed to help participants understand the principles, components, and practical applications of internal controls in both public and private sector organizations. This course equips professionals with the knowledge and tools to identify control weaknesses, reduce risks, and promote accountability and operational efficiency.

Key Features

• Introduction to internal control frameworks (e.g., COSO)

• Risk assessment and control design fundamentals

• Real-world examples and case-based discussions

• Online delivery with expert facilitators

• Ideal for auditors, finance officers, and compliance teams

Course Objectives

By the end of this course, participants will be able to:

1. To build a strong understanding of internal control concepts and their importance

2. To guide participants in identifying, designing, and evaluating internal controls

3. To promote a culture of accountability, transparency, and risk awareness

4. To support compliance with audit and governance standards

What You Will Learn

Participants will gain knowledge and skills in:

• The five components of an effective internal control system

• How to assess risks and implement control activities

• Roles of management, auditors, and staff in maintaining controls

• Common control gaps and how to address them

• Tools for monitoring, documentation, and continuous improvement

Total Number of Hours - 24