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Internal Control Systems




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Total credits


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University of Phoenix reserves the right to modify courses. While widely available, not all programs are available to residents of all states. Please check with a University Enrollment Representative.

Course level: Graduate

In this course, students gain a broad perspective of the control environment and the role it plays in attainment of financial and operational goals of the organization. Topics include an overview of the control environment, risk management, internal control systems, control activities for business functions, controls for information technology systems, and reporting on internal controls.


What you'll learn

Course skills and outcomes

Fraud, Ethics, and Internal Control

  • Summarize the components of the internal control environment.
  • Distinguish the roles of the participants in the Corporate Governance Process.
  • Defend a commitment to integrity and ethical values in the control environment.

Risk Management & Enterprise Resource Planning (ERP) Systems

  • Explain the COSO (Committee of Sponsoring Organizations) four basic principles of Risk Assessment.
  • Review Enterprise Resource Planning Systems.
  • Specify suitable objectives for financial statement assertions.
  • Compile an inventory of fraud risks and assess incentives, opportunities, and rationalization.

Control Activities: Revenues and Cash Collection

  • Design control activities to mitigate risk for sales processes.
  • Create an internal controls plan for sales processes.

Control Activities—Expenditures: Purchases, Payroll, and Fixed Assets

  • Design control activities to mitigate risk for purchases, payroll, and fixed assets.
  • Create an internal controls plan for purchases and fixed assets.

Governance and Control Activities in Information Technology

  • Build control activities for information technology.
  • Illustrate the key components of IT Governance.

Evaluation and Reporting on Internal Controls

  • Plan an evaluation and assessment of internal controls.
  • Compare and contrast internal controls reporting requirements for public and private organizations.


Why take courses at University of Phoenix

Accreditation that matters

We’ve been accredited by the Higher Learning Commission ( for more than 40 years.

Real-world instructors

Learn from instructors who bring an average of 25 years of working experience to the classroom.

Affordable and potentially reimbursable

Our tuition and fees are competitive and fixed. Also, check to see if your employer will cover you for this course.

Next Steps

Start a conversation about your future with an enrollment representative today.

Start a conversation about your future with an enrollment representative today.

Call (844) 937-8679

Transfer Credits

Credit Transfer

Credit Transfer

Need to transfer credits to another college or university?

Before you enroll in a course, check with your school of choice to make sure they will accept our transfer credits and to understand any requirements or limitations. Then you can complete your course, and request your official transcript be sent to your school. That’s it!

How to request your transcripts