Control Chatter
January 2021
News that Control Professionals need to know
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Test your Knowledge of Internal Control
The Internal Control Institute has developed two mini assessments to test your knowledge. A CICS Common Body of Knowledge Mini Assessment that helps an individual determine their knowledge as it relates to organizational governance and control practices. Results point out areas of knowledge that may require additional training and experience. The assessments also provides a measurement to the individual's readiness for CICS certification.
Start becoming an Internal Control professional today!
The ICI "Certification Series" of online courses
The ICI "Certification Series" has been completely updated and is available online to everyone around the world! Course content prepares individuals to design and/or assess internal control and to assist management in installing internal control processes. In addition, the series prepares candidates for the Certified Internal Control Specialist (CICS) Examination. To review the course catalog click
To register for one or all of the online training programs click here:
Online course pricing has been reduced by over 70%
Internal Control Chatter
Each month the staff of The Internal Control Institute reviews hundreds of articles related to Internal Control and Corporate Governance. Here are brief summaries of some of the top articles (along with links to the original article) that may be of interest to you.
The internal controls specialist, especially those with CICS - Certified Internal Control Specialist certification, cannot be supporting actors, they need to be protagonists, leading the dissemination and application of the best management practice structures in their organization, supporting management in this process structural changes, allowing the company to maintain its competitive advantage.
How Cybersafe is Your Small Business?
January 23, 2021
Last year, more than 34% of UK tech firms had to deal with at least one cyber incident. With most businesses back to remote working, employees are once again logging in remotely from their own personal devices – which presents even greater threats to data security.
Finance execs see pain points in internal controls reporting
January 21, 2021
Financial executives feel that the requirements for documenting their organization’s internal controls are getting to be too much and many of them are behind the curve when it comes to applying technology for internal control over financial reporting, according to a new report.
The report, from Financial Executives International’s Financial Education & Research Foundation, is based on a survey of 145 FEI members at 12 large public companies along with follow-up interviews with 16 financial executives. Many of the executives pointed to auditor documentation requirements for controls around non-routine transactions and access to data as being especially burdensome.
By Thomas R. Fox
15 JAN, 2021
Last week, according to a Department of Justice (DOJ) Press Release, Deutsche Bank Aktiengesellschaft, “agreed to pay more than $130 million to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) and a separate investigation into a commodities fraud scheme.
BILLIONS AT RISK - Inefficient Controls At Ministries, Agencies Exposing Public Funds To Fraud Or Abuse
By Jovan Johnson
January 17, 2021
Poor decisions at dozens of government departments have exposed more than $40 billion of taxpayers’ money to loss or misuse, an analysis of the last two auditor general annual reports has shown. And with the Ministry of Labour and Social Security (MLSS) emerging as the poster case of the cost of almost wilful failure to implement corrective measures, there’s a call for Parliament to do more than just talk when its key committees make recommendations to improve the administration of public resources.
Critical Data Security Controls Every Organization Needs
Regardless of the type of business you operate, odds are you have, or will have, some form of sensitive information in your possession. Maybe you take credit card payments online or store patient records electronically and must adhere to HIPAA Security and Privacy rules. If you work with the federal government, you’re likely handling unclassified information that the government wants to safeguard. You may also have customer lists, architecture diagrams, and other artifacts that you wouldn’t want your competition to get ahold of.   
TOP 10 FCPA Enforcement Actions, Disgraced Goldman Sachs Tops the List
Goldman Sachs has been a leader in investment banking league tables, but has also been the largest bank on Wall Street facing a major FCPA violation. The Foreign Corrupt Practices Act of 1977 is a United States federal law that prohibits U.S. citizens and entities from bribing foreign government officials to benefit their business interests. The FCPA is jointly enforced by the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), which apply criminal and civil penalties, respectively.
The Critical Role of Internal Control Procedures
JAN 7, 2021
Now more than ever, every business needs internal controls for operational efficiency. Internal controls are checks and balances to ensure that financial reports reflect accurate transaction records, and policies and procedures that ensure proper oversight and segregation of duties. 

The Internal Control Institute™ (ICI) improves organizational Internal Control worldwide by
providing training, products and services and individual Professional Certifications
recognized internationally. The Institute's Board of Advisors has determined it would like to
further expand into areas where it is not directly represented. ICI provides world-class
programs and its intellectual property to affiliates free of charge and shares all program
revenue with them. If your organization is interested in partnering with ICI to earn revenue while you contribute to the development of the internal control profession worldwide please contact Dr. Michael Pregmon, Jr., Chief Operations Officer, by email at or by phone at 727-538-4113 in the USA.

Below is a list of WorldWide Affiliates currently serving the profession. If your area is not represented please consider partnering with ICI
2021 Certification Training Program & Exams

ICI and affiliates around the world have a busy training programme scheduled for 2021. For more details on the CICS Training programmes on offer,visit the Events page on our website by clicking on the link below.

ICI World Wide Affiliates
Contact: Mr Aminur Rahman
Tel: +88 01749 400600
Contact: Mr Humphrey Chawafambira
Tel: +267 75618647
Contact: Mr Eduardo Person Pardini
Tel: +55 51 3533 8566
Contact: Mr Eric Kamegne
Tel: +237 658 292 978
Contact: Mr Qiu Jianting
Tel: 400-098-1119 or 010 68004176
Contact: Mr Yves Dupont
Tel: 0032 2 305 35 25
Contact: Mr Summit Goyal
Tel: +91 9810 575 613
Middle East
Contact: Mr Belal Abdul Jabbar
Tel: +962 6 5927171
Myanmar & Cambodia
Contact: Mr Sanjeev Gathani
Tel: +65 9655 4633
Contact: Mr Joel Aluko
Contact: Mr Muhammad Farooq Hammodi
Contact: Mr Cosmin Serbanescu
Tel: +40 752 525 525
Singapore, Malaysia, Indonesia & Taiwan China
Contact: Mr Bob Seetoh
South Africa
Contact: Ms Sedie Jane Masite
Email: or
Contact: Ms Nadia Yaich
Contact: Ms Ilknur Tunc
Tel: +90 312 442 50 15
Contact: Mr Nguyen Thanh Tung
Tel: 848 3803 5020
Contact: Dr Proctor Nyemba
Tel: +263 4 443124
About ICI
The Internal Control Institute™ (ICI) is a worldwide organization devoted exclusively to internal control and corporate governance. The Institute is dedicated to the development of world-class educational programs and best practice guidelines on internal control and corporate governance, based on the Sarbanes-Oxley Act and the COSO internal control framework.
Visit us on the web at the Internal Control Institute
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