The training is aimed at professional development and the certificate obtained does not replace the MYK certification required for MYK certified trainings.

Internal Control Training

Training Content

• Concept of Internal Control
• Objectives, Scope, and Function of Internal Control
• Why is Internal Control Needed?
• What are the Benefits of Internal Control?
• Components of Internal Control
  • Control Environment
  • Risk Assessment
  • Control Activities
  • Information and Communication
  • Monitoring
• The Relationship Between Internal Control, Risk Management, and Internal Auditing
• Examples of Best Practices in Internal Control
• How to Set Up an Internal Control System?
  • Where to Start?
  • How to Organize?
  • How to Conduct Process and Risk Analyses?
  • How to Perform Monitoring, Evaluation, and Reporting?
• Determining the Activation Steps Related to the Activity
• Modeling the Process
• Identifying and Defining Risks
• Measuring Risks
• Defining Controls
• Identifying Residual Risk
• Planning Risk Improvement Actions
• Preparing Risk Control Matrices
• Preparing the Risk Monitoring Report

Training Duration:

10 Hours

The training is open only for institutional cooperation (corporate/organizational package) and individual applications are not accepted. The training content can be re-planned according to the institutional participant profile and needs. After mutual discussions, the scope of the training and the method (In-person, Online) will be determined, and the relevant processes will be completed. Upon mutual agreement, the suitable dates and times for the participants of your institution and our instructors, as well as the location of the training, will be determined.