Control Self Assessment

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Course Overview

Control self assessment (CSA) is now widely regarded as one of the most important mechanisms in providing assurance of statutory and regulatory compliance requirements. It can also help to provide assurance on almost every aspect of the enterprise's operations and be used to increase business efficiency and effectiveness at little additional time and cost. It can provide senior management with the assurance that they need for compliance with almost everything from Turnbull to Sarbanes-Oxley, health and safety requirements, International Accounting Standards and the quality requirements of ISO 9000 as well as important internal operations.

Audience

Finance directors, compliance officers, audit committee members, non-executive directors, board level executives, chief operations officers, chief information officers, external and internal auditors, risk managers.

Skills Gained

The focus of this course is to

• Provide an understanding of the use of CSA in proving effective control assurance
• Show that CSA has far wider applications
• Evaluate the views and requirements of both internal and external audit
• Evaluate the various methods of achieving compliance
• Identify the use of CSA in other areas
• Show how CSA can be implemented in a cost-effective, economical and practical manner

Course Outline

WHY USE CONTROL SELF ASSESSMENT?

• Corporate governance
• Turnbull
• London Stock Exchange
• Effective use of resources

RISK IDENTIFICATION

• Risk identification methodologies
• Assessing materiality
• Obtaining staff commitment and involvement
• Practical uses

SELF EVALUATION METHODOLOGIES

• Alternative methodologies
• Compliance and reliance
• Use of internal business questionnaires

CONTROL EVALUATION AND REPORTING

• What does it all mean?
• Evaluating the responses
• Reporting
• Continuity

Control Self Assessment / CM9636