GoFast.Finance/CMA Part 1E: Internal Controls

You're signing up to receive emails from GoFast.Finance.

  • Waitlist

CMA Part 1E: Internal Controls

  • Course
  • 12 Lessons

Translate CMA internal control topics into practical governance and control patterns for planning and performance work.

🧠 Control mindset: Understand how internal control frameworks apply to planning, reporting and analytics, not just audits.

🤝 Cross team trust: Work better with audit, IT and operations when designing or testing controls around financial processes.

🛡️ Risk and resilience: Support frameworks that reduce errors, fraud risk and process downtime in budgeting and performance loops.

You're signing up to receive emails from GoFast.Finance.

Who this is for

Controllers and finance managers designing and testing internal controls around planning, budgeting and reporting data flows.

FP&A or performance leads and CMA candidates involved in governance, policy and control discussions with audit or IT.

Prerequisites

Knowledge: Familiarity with core financial processes (close, planning, reporting) and basic control concepts.

Tools: Access to process documentation, control matrices or system diagrams where available; CMA approved calculator as needed.

Learning Outcomes

  1. Describe internal control frameworks and governance roles relevant to planning and reporting.

  2. Evaluate control designs and testing approaches for key finance processes.

  3. Identify system control weaknesses and recommend remediation steps.

  4. Integrate control considerations into planning, budgeting and performance frameworks.

CPE Information

  • Eligibility: currently not eligible

  • Watch time: about 2.5 hours

  • Total learning: about 5 hours

  • Estimated credits: 3.0

Contents

Module 1: Governance, risk and compliance around finance cycles

Lesson 1: Control environment and tone at the top
Lesson 2: Policies, procedures and safeguarding of assets
Lesson 3: Understanding internal control risk
Lesson 4: Testing internal controls: design and operation
Lesson 5: Responding to control deficiencies
Lesson 6: Corporate governance and oversight roles
Lesson 7: How external audit interacts with internal controls

Module 2: System controls and security for planning and reporting

Lesson 8: General accounting system controls in core cycles
Lesson 9: Application and transaction controls in workflows
Lesson 10: Technology controls and automated monitoring
Lesson 11: Backup and recovery controls for finance data
Lesson 12: Business continuity planning for finance functions