Internal Control - Compliance, Operational and Financial Training Course in Istanbul

Objectives:

• Implement controls in the accounting processes.
• Assign functions and roles within the accounting department to maximize controls while optimizing performance.
• Assist in designing corporate business cycles to achieve better controls.
• Achieve segregation of duties and internal controls in the accounting department and related functions.
• Increase reliability on processes and decrease the likelihood of fraud through the organization.
• Comply with external reporting requirements by governmental and semi-governmental authorities.
• Develop operational policies and procedures in accordance with internal control requirement.
• Design and maintain financial controls.

The content:

Purpose of Internal Controls

• Compliance Requirements through Internal Controls
• Compliance Requirements for Oversight Boards
• Examples of Compliance Requirements
• Other Considerations: Fraud Prevention and Customer Satisfaction

Implementing Controls in Business Cycles

• Controls in Purchase and Payment Cycle
• Controls in Inventory and Costing Cycle
• Controls in HR and Payroll Cycle
• Controls in Sales and Collection Cycle
• Controls in Fixed Assets Life Cycle
• The Human Element Role in Controls
• Technology Role in Implementing Controls
• Segregation of Duties in Business Cycles
• Required Reporting in Business Cycles
• Approvals and Authorization in Business Cycles
• Risks to Corporation in Lack of Control in the Cycle
• Costs of Controls and Controlling Costs in Business Cycles
• Controlling Assets and Inventory Movements within the Company
• Preventing Fraud through Proper Controls

Information System Controls

• Safeguarding Data
• Access to Communication Systems
• Security Reports

Financial Controls

• Controlling Access to Financial Assets
• Controls on Financial Reporting
• Controls through Budgets
• Controls through Management Reporting
• Reflecting Financial Controls in Policies and Procedures

Administrative Controls

• Controlling Access to Building
• Controls on Maintenance and Repairs
• Safety and Security Controls
• Legal Implications on Some Safety Measures
• Required Reporting in Administration

External Reporting

• Financial Reporting Requirements
• Reporting to Labor Related Authorities
• Social Security Administration Reporting Requirements