1.      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 objectives that internal controls must satisfy

2.      Creating the Internal Control Structure

·         Understanding the components of internal controls

·         Hard controls vs. soft controls

·         Creating the control environment

·         Monitoring the control framework

3.      Risk Assessment and Considerations

·         Establishing strategic objectives

·         Defining, Measuring, Evaluating risk

4.      Risk-management strategies: from ERM to CSA

5.      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 steps to creating an individual audit program

6.      Establishing Internal Accounting Controls

·         Internal accounting control categories

·         The 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

7.      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

8.      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