Internal Controls for Management
16 CPEs

This course is designed for Federal managers/employees who participate in their organization's Internal Control processes and need to become familiar with the laws, standards, and requirements affiliated with the Federal Internal Controls process.

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Course Objectives:

Upon completion of this course, participants will be able to:

  • Understand importance of OMB Circular A-123, Management’s Responsibility for Internal Controls

  • Identify the various participants’ roles and responsibilities in the Internal Control process

  • Describe the various Internal Control standards

  • Discuss “why” and “how” agencies should build an integrated Internal Control framework

  • Developing strategies for implementing and/or reengineering programs and operations that manages and promotes accountability

  • Identify important “tools” and “assessments” to build an effective program.

  • Discuss importance of assessing Internal Controls

  • Outline managers’ responsibilities when Internal Control deficiencies exists and how to take corrective actions

  • Root Cause Analysis

  • Identify Internal Control reporting requirements.

  • Linkage to Performance Assessment Report (PAR)

  • Understand how to establish and assess management controls

  • Identify OMB Circular A-123 Appendix A, B, C, and D purpose and objectives

Prerequisites:

  • Supervisory discretion - Intermediate level