This session explores the importance of internal controls with an emphasis on best practices for small- and medium-sized entities. We will examine the roles of both preventive and detective controls and practical, cost-effective suggestions for implementing effective internal controls will be addressed.
Learning Objectives
Recognize the importance of internal controls Appreciate nuances of internal controls for small and medium-sized entities Distinguish controls as either preventive or detective Identify useful controls for organizations that have limited resources
Major Topics
Overview of controls Preventative controls Detective controls Controls for SMEs
