Internal controls don't have to be complicated, but they must be effective and intentional. In many organizations, especially small to mid-sized ones, internal controls are informal or incomplete, exposing teams to unnecessary risk. This discussion helps finance and accounting professionals understand what internal controls really are, why they matter, and how to build systems that actually work without overwhelming your people or processes. We'll discuss how to design, implement, and monitor core controls across financial reporting, operations, and compliance, using real-world examples that scale to fit your organization. Whether you're starting from scratch or tightening what's already there, this seminar will help you put the right checks and balances in place to protect your resources, your people, and your reputation.
Learning Objectives
After attending this presentation, you will be able to...
- Assess internal controls in financial and operational settings.
- Identify five core components of a strong control framework.
- Evaluate risks in smaller organizations and design right-sized controls
- Implement internal controls using practical, scalable steps.
- Monitor internal control effectiveness and adjust them.
Major Topics
The major topics that will be covered in this course include:
- What internal controls are and what they are not
- Why even small organizations need controls
- COSO and the five core components of a sound internal control system
- Common control failures and real-world consequences
- Examples of scalable financial, operational, and compliance controls
- How to tailor controls to your organization’s size and risk profile
- Embedding internal controls into daily operations
- How to monitor, evaluate, and adapt controls over time
