Internal Control and Risk Management

Lecture on conceptual themes and group dynamics with exercise resolution and application and discussion of case studies.

Provide students with theoretical and practical knowledge, essential in order to use the appropriate methodologies, tools and procedures for the implementation and evaluation of the internal control system, in any type of organization, particularly in the public sector, whether in terms of management support or audit.

Provide students with theoretical-practical knowledge of management systems in the public sector, through risk-based thinking and a systematic approach to the assessment of risk management and control processes. Provide risk management tools and methodologies that will coordinate with the function of monitoring management systems, internal auditing, allowing us to face legal requirements and the new paradigm of public management.

1 – Corporate governance in the Public Sector and the framework for internal control and risk management.

2 – Introduction to the study of Internal Control: concept, objective, origins, interpretations and limitations

3 – Internal control and the risk of fraud

3 – International and National Internal Control References (COSO, IFAC, AICPA, IIC, SNC-AP)

4 – Objectives and generic procedures of internal control in the public sector

5. – Specific and detailed internal control procedures and application to various operational areas

6 – Risk management in Management systems and the pillar of risk-based thinking: references, models, systems and tools (FERMA/ERM and ISO): Concept, objective, processes and system; Types of risk and identification and analysis techniques; Monitoring and reporting.

7 – The importance of KRIs (Key Risk Indicators) and prevention and action plans.

8 – Internal control and risk management reports