Internal Control Training and Education

Week 5 Discussion Question
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Based on this week’s case scenario, internal control training for the company staff is necessary to offer reasonable assurance concerning achieving organizational goals and preventing employee deviant behaviors. Internal controls training is required to avoid the potential for fraud or theft of company equipment and ensure adequate safeguarding of resources. According to the Association for Talent Development, employee training costs average $1,252, and organizations are committing 33 hours on average to training new hires (Indeed Editorial Team, 2022). The current training needs do not entail the orientation of new employees but rather address continuous improvement requirements of the firm. Therefore, this is internal control training and education for existing employees, whose estimated time requirements for each task would be as follows.
9:00 am to 9:15 am: Introduction to understanding internal controls.