Highlights
• Underlying concepts of internal control
• Defining where and why controls, policies and procedures are needed
• Legacy control measures that are still important for businesses today
• Creating control measures that address the use and protection of technology
Objectives
• Recognize key internal control concepts, including the four types of internal control: preventive, detective, deterrent and compensating
• Recall how they would create strong internal controls
• List reasons that control measures are required, such as to deter fraud or reduce operational inefficiencies
• Recall the importance of the control environment as implementation efforts are ongoing
• Identify three segments of an organization's technology infrastructure that must be controlled
