Designing Effective Internal Controls Training for Master Systems Integrators: Any Suggestions?

We have departments like SCM, Quality, Contracts, FA, Security Solutions. Please suggest how to design internal controls training modules.

To monitor the effectiveness of the department, costs or ratios associated with the department are identified. There are many ratios for each department; however, which ratios to consider depends on the nature of your company's business.

Integration of Internal Controls with PMS

Formerly, internal controls have been integrated with the PMS, and each Head of Department (HOD) is now accountable for managing the costs or ratios for their department. This responsibility is quite exhaustive. To measure a certain ratio or cost, you must first develop the appropriate Management Information System (MIS). Without this data, how can accurate measurements be made? The precision of costs or ratios is also crucial.

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Thanks,

Dinesh Divekar

These are my supplementary comments. Instructing an external agency to conduct the audit is one way to enhance internal controls. The following are examples of auditors' observations:

a) Underutilization of capital equipment
b) Delay in the installation of capital equipment
c) Holding dead stock for an extended period
d) Excessive consumption of resources such as A4 sheets, etc.
e) Failure to renew licenses
f) Inadequate records of vehicle operations

To prevent audit objections similar to those mentioned above, formal training is not necessary. Simply revising the Standard Operating Procedures (SOP) should suffice.

Thanks,
Dinesh Divekar