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Professional training course

Internal Control: Compliance, Operational and Financial

Internal controls are an interesting topic in the corporate environment. They are part of the Governance, Risk and Compliance (GRC) system which relies on these controls…

  • 5 daysClassroom
  • 13Upcoming dates
  • 6Cities
  • £2,840Fees from
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Internal Control: Compliance, Operational and Financial
Next classroom session Rome 14 - 18 Dec 2026 · £4,250 Also available Vienna 18 - 22 Jan 2027 · £4,250

Course overview

Why Attend

Internal controls are an interesting topic in the corporate environment. They are part of the Governance, Risk and Compliance (GRC) system which relies on these controls to ensure that risks are under check. This course starts with an introduction to corporate governance and Enterprise Risk Management (ERM) and goes into the details of risk responses available to management. The course then tackles controls at board and senior management level and looks into the business and reporting cycles. We also cover controls in the purchase and payment cycle, HR and payroll cycle, inventory and production cycle, long term assets life cycle and collection cycle. In addition, the course discusses information systems control, administrative and safety controls, financial reporting controls, physical controls and external reporting controls. Participants are encouraged to share with management the proper measures and controls for the risks at hand.

Course Methodology

The course is based on presentations and examples by the instructor. Participants will also be required to present the results of case studies and exercises.


Course Objectives

By the end of the course, participants will be able to:

  • Define the GRC system
  • Devise controls that are appropriate for the risks at hand
  • Implement segregation of duties and internal controls in the accounting department and business cycles
  • Safeguard information technology systems and data centers
  • Design and maintain financial controls
  • Comply with financial and other external reporting requirements
Target Audience

Professionals in the field of finance and accounting, accountants at all levels seeking to enhance practical finance and accounting knowledge, and certified financial and accounting personnel especially accounting managers and controllers.


Target Competencies
  • Assessing risks and responses
  • Controling risks assessed
  • Conforming to governance requirements
  • Complying with laws and regulations
  • Implementing controls in business cycles
  • Analyzing controls and suggesting improvements


Course outline

  1. 1Day 1: The corporate control environment
    • Corporate Governance
    • Governance, Risk, Compliance, Controls and Audit
    • COSO Internal Controls Framework
    • COSO ERM Framework
    • Internal control objectives
    • COSO 17 principles for internal controls
    • Control Environment
    • Risk Assessment
    • Control Activities
    • Information and Communication
    • Monitoring Activities
    • COSO on Control Monitoring advantages
    • Definition of Control
    • Controls at BOD Level
    • 4 control objectives on a transaction level
    • Reason Model for Error Trajectory
    • Nature of Control
    • Control Deficiencies
  2. 2Day 2: Implementing controls in business cycles
    • Characteristics of effective controls
    • The control process
    • Reporting in Business Cycles
    • Approvals and Authorizations in Business Cycles
    • Controls in purchase and payment cycle
    • Controls in inventory and costing cycle
    • Controls in HR and payroll cycle
    • Controls in sales and collection cycle
    • Controls in fixed assets life cycle
  3. 3Day 3: Admin controls for IT and facility
    • Safeguarding data
    • Access to communication systems
    • Security reports
    • Controlling access to building
    • Controls on maintenance and repairs
    • Safety and security controls
    • Legal implications on some safety measures
    • Required reporting in administration
  4. 4Day 4: Financial controls
    • Controlling access to financial assets
    • Controls on financial reporting
    • Controls through budgets
    • Controls through management reporting
    • Implementing financial controls through policies and procedures
  5. 5Day 5: External reporting
    • Centralization or Decentralization of Reporting
    • Financial reporting requirements
    • Reporting to labor related authorities

Schedule

Dates and fees

13 upcoming dates in 6 cities. Fees are per delegate; bring colleagues and every seat is discounted.

All dates as PDF
December 2026
14DEC 14 - 18 Dec 2026Mon to Fri · 5 daysNext session
Italy flag RomeItaly · Classroom
£4,250per delegate2+ people: £3,400 each
Register
January 2027
18JAN 18 - 22 Jan 2027Mon to Fri · 5 days
Austria flag ViennaAustria · Classroom
£4,250per delegate2+ people: £3,400 each
Register
February 2027
15FEB 15 - 19 Feb 2027Mon to Fri · 5 days
Spain flag BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
Register
March 2027
15MAR 15 - 19 Mar 2027Mon to Fri · 5 days
South Africa flag Cape TownSouth Africa · Classroom
£2,840per delegate2+ people: £2,272 each
Register
April 2027
19APR 19 - 23 Apr 2027Mon to Fri · 5 days
Germany flag FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
Register
May 2027
17MAY 17 - 21 May 2027Mon to Fri · 5 days
Spain flag BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
Register
June 2027
21JUN 21 - 25 Jun 2027Mon to Fri · 5 days
Germany flag FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
Register
July 2027
19JUL 19 - 23 Jul 2027Mon to Fri · 5 days
Italy flag RomeItaly · Classroom
£4,250per delegate2+ people: £3,400 each
Register
August 2027
16AUG 16 - 20 Aug 2027Mon to Fri · 5 days
Austria flag ViennaAustria · Classroom
£4,250per delegate2+ people: £3,400 each
Register
September 2027
20SEP 20 - 24 Sep 2027Mon to Fri · 5 days
Spain flag BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
Register
October 2027
18OCT 18 - 22 Oct 2027Mon to Fri · 5 days
France flag ParisFrance · Classroom
£4,500per delegate2+ people: £3,600 each
Register
November 2027
15NOV 15 - 19 Nov 2027Mon to Fri · 5 days
Germany flag FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
Register
December 2027
20DEC 20 - 24 Dec 2027Mon to Fri · 5 days
Spain flag BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
Register

Questions

Frequently asked questions

How long is the Internal Control: Compliance, Operational and Financial course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Internal Control: Compliance, Operational and Financial course?

The next public date is 14 - 18 Dec 2026 in Rome. There are 13 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Rome, Vienna, Barcelona, Cape Town, Frankfurt, Paris.

How much does the course cost?

Fees start from £2,840 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

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