Course

Course Summary
Credit Type:
Course
ACE ID:
MACI-0066
Organization's ID:
5112
Organization:
Management Concepts, Inc.
Location:
Classroom-based
Length:
3 days, 21 hours
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 1 Accounting, Business Administration, or Financial Controls
Description

Objective:

To provide the knowledge and skills needed to design and implement effective control systems with an emphasis on risk assessment.

Learning Outcomes:

  • Discuss the requirements of the GAO standards and OMB Circular A-123
  • Organize an effective internal control process. Structure assessable units
  • Explain the importance and content of the Federal Managers' Financial Integrity Act
  • Identify control objectives and techniques
  • Conduct a risk assessment
  • Perform an internal control review to evaluate and test controls of assessable weakness
  • Determine the cause of control weaknesses
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Classroom Exercise
  • Discussion
  • Lectures
  • Practical Exercises
Supplemental Materials