Evaluating Internal Controls

Why Attend

The Turnbull Report, first published in 1999, defined internal control and its scope as follows: ‘The policies, processes, tasks, behaviors and other aspects of an organisation that taken together facilitate effective operation by enabling it to respond in an appropriate manner to significant business, operational, financial, compliance and other risks to achieve its objectives. This includes safeguarding of assets and ensuring that liabilities are identified and managed.’ This course gives an insight into the various types of internal controls and how they are applied effectively in practice. It is supported by industry best practices, latest regulatory requirements and real-world examples.

Download brochure

Course Objectives


  • This course gives an insight into the various types of internal controls and how they are applied effectively in practice. It is supported by industry best practices, latest regulatory requirements and real-world examples.


Target Audience


Internal audit and general finance staff

Objectives of internal control

  • Efficient conduct of business
  • Safeguarding assets
  • Preventing and detecting fraud and other unlawful acts
  • Completeness and accuracy of financial records
  • Timely preparation of financial statements

Responsibilities for internal control

  • Directors’ responsibilities
  • Senior management role
  • Corporate governance and oversight committees
  • IC environment and structure

Generic control categories

  • Mandatory or voluntary
  • Discretionary or non-discretionary
  • Manual or automated
  • General controls or application controls

Common control procedures

  • Physical controls
  • Authorisation and approval limits
  • Segregation of duties
  • Management controls
  • Arithmetic and accounting controls
  • Human resources controls

Role of Internal Audit in Internal Controls

  • Objectives of internal audit
  • Why internal audit necessary?
  • Internal audit and internal control
  • Types of audit

Step 1: Select Prefered Schedule


Date Fee (GHS)

Step 2: Choose Registration Type