Introduction

In an increasingly complex and regulated business environment, robust internal control systems are essential to effective governance, reliable reporting, regulatory compliance, and operational efficiency. Internal controls underpin organisational accountability by safeguarding assets, managing risk, and ensuring processes operate as intended. Weak or poorly designed controls expose organisations to financial loss, compliance breaches, and reputational damage.

The Internal Control Frameworks: COSO and Beyond training course provides a structured and practical understanding of the COSO Internal Control – Integrated Framework as the foundation for effective control environments. It also introduces complementary frameworks, including COBIT, ISO 31000, and the Three Lines Model, enabling participants to evaluate and integrate multiple perspectives into a coherent control structure. The course emphasises practical application, control assessment, and sustainable improvement rather than theoretical compliance.

Key focus areas include:

Key Learning Outcomes

At the end of this Internal Control Frameworks: COSO and Beyond training course, participants will be able to:

Training Methodology

This Internal Control Frameworks: COSO and Beyond training course combines expert-led instruction with case studies, facilitated discussion, and practical workshops. Participants engage in control assessments, scenario analysis, and hands-on exercises to translate framework concepts into actionable control design and evaluation practices.

Internal Control Frameworks: COSO and Beyond

Who Should Attend?

This Internal Control Frameworks: COSO and Beyond training course is ideal for:

  • Internal auditors and audit managers
  • Risk and governance professionals
  • Compliance and assurance specialists
  • Finance and control managers
  • Professionals involved in internal control design or evaluation
  • Managers responsible for operational or financial oversight

Course 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
  • Case Study: COSO Implementation Success Story
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
  • Case Study: Internal Audit Findings and Remediation
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

International Standards & Professional Alignment

Our training courses are aligned with internationally recognised professional standards and frameworks across leadership, strategy, finance, governance, risk, compliance, and audit. By integrating globally trusted models, we ensure learners develop practical, relevant, and industry-recognised capabilities.

Our trainings draw on leading international standards and professional frameworks, including ISO, ISACA, COSO, OECD, IIA, FATF, Basel, IFRS/ISSB, GRI, NIST, CPD, ILM and the OECD AI Principles. This alignment ensures consistency with global best practices across financial management, risk oversight, digital governance, sustainability, and strategic decision-making..

Designed in alignment with globally recognised professional bodies, our courses support continuous professional development, strengthen organisational capability, and provide clear pathways toward professional certifications valued worldwide.

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