The COSO Internal Control Program

Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 3,900

Overview

This course will address the procedures for conducting a risk assessment for errors and fraud. It will review risks for financial statement preparation, operations, and compliance. Methods for designing and assessing the effectiveness of internal controls, including the importance of monitoring the controls, will be discussed.

Learning Objectives

• How to conduct a risk assessment
• Designing internal controls
• Evaluating and assessing internal controls
• What are key preventive controls?
• What are the key detective controls?
• How good internal controls can reduce audit costs
• How good internal controls can reduce the risk of penalties in compliance audits

Who Should Attend

This course is designed for public accountants, internal and external auditors, chief financial officers, and other professionals seeking to strengthen their capability in this area.

• Public Accountants
• Internal and External Auditors
• Chief Financial Officers
• Controllers
• Accounting Managers
• Public and Private Accountants
• Consultants
• Risk Officers
• Compliance Officers

Course Outline

Day 1 — Control Environment

• Control Activities
• Risk Assessment
• Information & Communication
• Monitoring

Day 2 — Identifying financial statement misstatements due to…

• Identifying financial statement misstatements due to fraud
• Identifying compliance risks
• Identifying operations risks
• Risk assessment checklist

Day 3 — Assessing the severity of the risk

• Assessing the likelihood of the risk
• Internal controls for financial reporting
• Internal controls for compliance
• Internal controls for operations

Day 4 — Preventive controls

• Detective controls
• Mitigating and compensating controls
• Evaluating and assessing internal controls
• Key preventive controls

Day 5 — Key detective controls

• The importance of monitoring controls
• Using good internal controls to reduce audit costs
• Cost vs. Benefits analysis of controls
• Using internal controls as part of the enterprise risk management process

Accreditation

Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
20–24 September 2026	Dubai, UAE	Public	5 days	3,900
29 November – 3 December 2026	Kuala Lumpur, Malaysia	Public	5 days	4,500

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Frequently Asked Questions

What do Al-Khobraa finance and accounting courses cover?

The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.

Who should attend a finance and accounting course?

These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.

How long are finance and accounting courses, and where are they held?

Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.

What certificate will I receive?

Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.

Can finance and accounting training be delivered in-house for our team?

Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.

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