Globally, businesses continue to face challenges and risks associated with dynamic economic and market environments. This promotes a continual assessment of the adequacy and effectiveness of internal control structures that are designed to manage the associated risks. Stakeholders in business also continue to demand more accountability in organizational governance structures whilst ensuring business sustainability. To address the complex external and internal influences, businesses need to ensure a balance between governance, risk management and compliance.
An integrated organizational approach promotes appropriate risk identification and the collation of information for decision-making at the highest levels, with audit committees demanding insight into business risks and compliance obligations, how these are being managed and assurance over the key business risks. Viewed at a strategic level, GRC can enable information provision that supports organizational performance and adaptability within increasingly changing markets.
Many organizations continue to face difficulty arising from fragmentation across risk, compliance and assurance activities that are integral to the GRC environment. A common approach to risk identification and assessment that is driven from a strategic level ensures an effective approach to GRC that is aligned to the organizational strategy.
We will rely on a variety of training and facilitation methods and techniques. Used whenever applicable, these methods are aimed at enhancing individual and group interaction while maximizing learning. Some of these methods are:
By the end of the course, participants will be able to:
Module 1: Overview of governance, risk management and internal controls
Module 2: Stakeholders in Corporate Governance (CG)
Functions of corporate governance
Module 3: Introduction to compliance
Enterprise Risk Management
Risk management areas
Module 4: Risk management process per COSO guidelines
Module 5: Implementing controls in business cycles