This module is the fourth of the four building blocks of financial management. A strong system of internal control protects an organization's money, equipment and other financial resources. It helps to deter fraud and prevent errors in the accounting records, as well as protecting staff. We'll look in more detail at corruption and fraud in their various forms and identify ways to address them in your projects.
In this module, you will learn:
- What internal controls are, and how they protect your project resources, including exploring the four-actions model of internal control.
- Key policies, procedures, and practices that promote internal control, including physical controls, a delegation of authority, separation of duties, reviewing records, and more.
- About corruption in its many forms and how to address it, including fraud, bribery, and other misuses of resources.
For more information on FMD Pro and FMD Pro Certification please visit www.fmdpro.org