Target Audiences: Intermediate (3-9 years of experience)
Category: Accounting & Auditing
Internal controls reside within organizations to manage a variety of risks. However, neglect of controls, consolidating roles and responsibilities and failure to continuously re-assess the controls and the environment in which they are operating, could result in unintended adverse consequence to your organization. Risks that once were effectively monitored and managed could become a direct threat to the well-being of the organization. Strong internal controls and proactive risk management is not the gold standard it’s the required standard.
Three takeaways/benefits participants will gain from attending this presentation include:
1) Proper alignment of internal controls to the key risks residing within an organization will pay significant dividends in the long run
2) Organizations must establish a comprehensive risk management program to effectively and continuously manage risks
3) Complacency when it comes to maintaining a strong internal control culture can unintentionally sabotage the efforts of many