Internal Controls for Management (I): An Introduction to Internal Controls

Course Code:

NFIN5744

Course Category:

Corporate Functions

Duration (hours):

8.00


Fees (Please note that the fees listed are for your reference only. The final course fee may vary.)
Name Fee (Excludes GST) Fee (Includes GST)
Nett Fee (after SSG funding) $ 195.00 $ 208.65
Course Fee (Before Funding) $ 650.00 $ 695.50
Course Fee (After 80% funding from VCF) $ 33.00 $ 35.31

Overview:

Internal controls are activities or procedures designed to provide reasonable assurance that operations are “going according to plan.” Without adequate internal controls, management has little assurance that its goals and objectives will be achieved. Properly designed and functioning controls reduce the likelihood that significant errors or fraud will occur and remain undetected. The course will equip management professionals of non-profit agencies with knowledge and skills to interpret various fraudulent activities and identify appropriate control mechanisms to implement. Learners will also learn about detective and preventive internal controls.

Target Participants:

All financial and management professionals such as accountants, finance managers, finance controllers, centre heads, programme managers etc.

Learning Outcome:

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

1. Interpret fraud activities at workplaces using fraud triangle

2. Apply steps for developing integrated internal control systems to promote organisational efficiency

3. Implement effective internal controls at the workplace

Remarks:

Mode of delivery:
Please note that this course will be conducted online via Zoom (click to learn more about Zoom). Successful applicants will be able to access and download course materials from LearningCloud upon course confirmation. They will also be given the URL to join the Zoom course session with a unique password via email. Participants will be required to use their Name (as per NRIC) as the Zoom ID to be given access to the Zoom course session and will have to enable video view while the session is in progress.

As part of SSG's requirements, the training session(s) will be recorded for audit purposes. Please ensure that your camera is turned on throughout the session(s). By agreeing to attend this course, you are deemed to have consented for your participation to be recorded.

Assessment will face-to-face held at SSI Successful applicants are required to sit for the assessment on a separate day, to be further advised by SSI.


This course includes assessment components. Assessment may be conducted during and/or after the course. As there is an assessment component for this course, grading and processing of results can only take place after course completion. Learners who pass the assessment(s) will be awarded with an electronic Certificate of Achievement from SSI. You will receive an email notification when your e-Cert is ready for download in your NCSS e-Services account.


This course is a pre-requisite to application to the following course:

- "Internal Controls for Management (II): Safeguarding the Revenue and Procurement Processes against Fraud"

Upon application/completion of this course, you may also like to apply for the above course in the “Internal Controls for Management” suite.


Fee Remarks:

SSG funding is available for Singapore Citizens and Permanent Residents only. For more information on SSG Training Grants, please visit:
SkillsFuture Singapore Funding.
SkillsFuture Credit.

VCF funding is available for foreigners who are staff of member VWOs of NCSS via Direct Training Application.

Terms and conditions apply. Applicants of above training grants should inform SSI upon submission of your application.

Trainer Profile:

Dennis is an Executive Director with more than 17 years of audit, internal audit and risk management experience. Dennis has been actively involved in providing internal audit and enterprise risk management services to Singapore Listed companies, fund management companies, family managed businesses and statutory boards across a wide array of industries covering healthcare, manufacturing, hospitality, transportation, engineering and construction, property development and REITs.
 
Dennis has worked closely with Boards, Audit and Risk Committees as well as Senior Management in the planning and delivery of internal audit, control self-assessment and enterprise wide risk management deliverables. Dennis holds a Certificate in Risk Management Assurance (“CRMA”) and has assisted numerous listed companies in complying with the enhanced SGX Listing Rules as well as to address risk governance requirements specified in the Code of Corporate Governance. He has also facilitated Board and Management discussions on risk strategies that have paved the way for development of risk management frameworks and the implementation of risk management programs.
 
Dennis presently teaches internal controls and risk management at the Social Service Institute (on a non-resident trainer basis) and has been involved in delivering internal control and risk management training to NCSS, MCCY and the Charities Unit.
 
Dennis is a Programme Committee Member of the Shared Services for Charities and a Finance Committee Member of the Southeast Community Development Council.


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