Who's Afraid of Internal Controls? Not Me! Using Internal Controls to Manage Risk and Make Compliance Programs More Effective

Internal controls (ICs) are not as scary or technical as you may think. You are likely using them in your institutional compliance program already. We will uncover the true definition and intent of ICs so they are easier to understand, design, and apply

We will discuss and share examples of how to balance different types of internal controls-including compliance activities you may not have considered to be controls, such as technology, procedures, and training-to build a strong compliance structure

We will review how you can use commonly available tools and reference guides, such as the federal "Green Book," the HCCA-OIG Resource Guide, and the new ERM Compliance Guidance from COSO to establish an effective controls-based compliance program