Skip to main content
COSO Internal Control Framework Mastery for Risk Management and Compliance Professionals

COSO Internal Control Framework Mastery for Risk Management and Compliance Professionals

$199.00
When you get access:
Course access is prepared after purchase and delivered via email
How you learn:
Self-paced • Lifetime updates
Your guarantee:
30-day money-back guarantee — no questions asked
Who trusts this:
Trusted by professionals in 160+ countries
Toolkit Included:
Includes a practical, ready-to-use toolkit with implementation templates, worksheets, checklists, and decision-support materials so you can apply what you learn immediately - no additional setup required.
Adding to cart… The item has been added

COSO Internal Control Framework Mastery for Risk Management and Compliance Professionals



Course Overview

This comprehensive course is designed to equip risk management and compliance professionals with the knowledge and skills necessary to effectively implement and maintain the COSO Internal Control Framework within their organizations.



Course Objectives

  • Understand the principles and components of the COSO Internal Control Framework
  • Identify and assess risks that impact internal controls
  • Design and implement effective internal controls
  • Monitor and evaluate the effectiveness of internal controls
  • Communicate internal control information to stakeholders


Course Outline

Module 1: Introduction to COSO Internal Control Framework

  • Overview of the COSO Internal Control Framework
  • History and evolution of the COSO Framework
  • Key principles and components of the COSO Framework
  • Importance of internal controls in risk management and compliance

Module 2: Understanding the Components of COSO Internal Control Framework

  • Control Environment: Setting the tone for the organization
  • Risk Assessment: Identifying and assessing risks
  • Control Activities: Policies and procedures to mitigate risks
  • Information and Communication: Capturing and exchanging relevant information
  • Monitoring Activities: Ongoing monitoring and evaluation of internal controls

Module 3: Risk Assessment and Identification

  • Understanding risk assessment methodologies
  • Identifying and assessing risks that impact internal controls
  • Analyzing risk factors and likelihood
  • Prioritizing risks and determining risk tolerance

Module 4: Designing and Implementing Effective Internal Controls

  • Designing control activities to mitigate risks
  • Implementing control activities: policies, procedures, and protocols
  • Segregation of duties and access controls
  • Physical and environmental controls

Module 5: Monitoring and Evaluating Internal Controls

  • Ongoing monitoring and evaluation of internal controls
  • Identifying and reporting control deficiencies
  • Remediating control deficiencies and implementing corrective actions
  • Continuous improvement of internal controls

Module 6: Communicating Internal Control Information

  • Communicating internal control information to stakeholders
  • Reporting on internal controls: format, content, and frequency
  • Stakeholder expectations and requirements
  • Effective communication strategies

Module 7: COSO Framework Implementation and Integration

  • Implementing the COSO Framework within an organization
  • Integrating the COSO Framework with existing risk management and compliance frameworks
  • Change management and cultural considerations
  • Best practices for successful implementation

Module 8: Case Studies and Group Exercises

  • Real-world case studies: applying the COSO Framework in different scenarios
  • Group exercises: designing and implementing internal controls
  • Group discussions: sharing experiences and best practices


Course Features

  • Interactive and engaging: video lessons, case studies, group exercises, and quizzes
  • Comprehensive and up-to-date: covering the latest developments and best practices in internal control and risk management
  • Personalized learning: flexible pacing and lifetime access to course materials
  • Expert instructors: experienced professionals with expertise in risk management and compliance
  • Certification: receive a certificate upon completion issued by The Art of Service
  • Mobile-accessible: access the course from anywhere, on any device
  • Community-driven: discussion forums and group exercises to facilitate networking and knowledge sharing
  • Actionable insights: practical knowledge and skills that can be applied immediately
  • Hands-on projects: applying the COSO Framework in real-world scenarios
  • Bite-sized lessons: easily digestible content to facilitate learning
  • Gamification: interactive elements to enhance engagement and motivation
  • Progress tracking: monitoring your progress and staying on track


Upon Completion

Upon completing this course, participants will receive a certificate issued by The Art of Service, demonstrating their mastery of the COSO Internal Control Framework and their ability to apply it in real-world scenarios.

,
!