An Interactive 5-Day Training Course
Internal Control Frameworks: COSO and Beyond
Course Overview
In today’s dynamic and risk-sensitive business climate, effective internal control systems are critical to safeguarding assets, ensuring regulatory compliance, and supporting sound governance. Internal controls not only protect the integrity of financial processes but also enhance operational efficiency and help organizations respond proactively to emerging risks. The COSO Internal Control—Integrated Framework has become a globally recognized benchmark for establishing and maintaining effective control systems.
The Internal Control Frameworks: COSO and Beyond training course offers a comprehensive exploration of the COSO framework while introducing other influential models such as COBIT, ISO 31000, and the Three Lines Model. This training course equips participants with the knowledge and practical tools needed to design, implement, and evaluate internal control structures that align with organizational goals. By analyzing real-world case studies and applying best practices, professionals will strengthen their ability to foster resilient and adaptable internal control environments across diverse business settings.
Training Objectives
By participating in the Internal Control Frameworks: COSO and Beyond training course, attendees will be able to:
- Grasp the core components and underlying principles of the COSO Internal Control Framework
- Design and assess internal control systems in alignment with COSO guidelines
- Evaluate alternative frameworks including COBIT, ISO 31000, and the Three Lines Model
- Detect internal control deficiencies and formulate appropriate corrective actions
- Integrate internal control mechanisms into broader governance and risk management strategies
- Strengthen the internal audit function’s contribution to internal control assurance
- Apply practical tools to monitor, evaluate, and improve internal control effectiveness
Who should Attend?
- Internal auditors and audit managers
- Risk and compliance officers
- Financial controllers and accountants
- Corporate governance professionals
- Business process and quality assurance managers
- Anyone involved in internal control design, monitoring, or evaluation
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training Outline
DAY 1: Foundations of Internal Control
- Introduction to Internal Control Concepts
- The Role of Internal Controls in Governance and Risk
- Overview of the COSO Framework
- The Five Components of COSO
- Principles Underlying Each COSO Component
- Control Environment: Structure, Culture, Ethics
- Risk Assessment in COSO
- Real-World Failures of Internal Control
DAY 2: Applying COSO in Practice
- Control Activities: Types and Examples
- Information & Communication in Control Systems
- Monitoring Activities and Continuous Improvement
- Mapping Controls to Business Processes
- Performing a COSO-Based Internal Control Assessment
- Control Deficiencies: Identification and Reporting
- Internal Control Questionnaires and Checklists
DAY 3: Alternative Internal Control Frameworks
- Introduction to COBIT for IT Governance
- ISO 31000 and its Application to Risk-Based Controls
- The Three Lines Model and Internal Control Integration
- Comparing COSO, COBIT, and ISO Frameworks
- Choosing the Right Framework for Your Organization
- Integration of Internal Control with Risk Management
- Developing a Unified Control Environment
- Workshop: Multi-Framework Control Evaluation
DAY 4: Internal Audit and Control Evaluation
- Role of Internal Audit in Control Frameworks
- Performing Control Tests and Walkthroughs
- Tools for Control Evaluation and Documentation
- Control Maturity Models
- Reporting on Internal Control Effectiveness
- Coordination with External Auditors and Regulators
DAY 5: Strengthening and Sustaining Internal Controls
- Embedding Controls into Business Culture
- Control Self-Assessments (CSA)
- Designing Action Plans for Control Weaknesses
- Control Metrics and KPIs
- Crisis Management and Resilient Controls
- Workshop :Building a Continuous Improvement Framework
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
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