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How to Effectively Review Your Organisation's Risk Management Process (ORMP) 21 - 22 January 2020
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2020/01/21 to 2020/01/22
When: 21 - 22 January 2020
Registration starts at 8am
Where: Leadership Academy for Guardians of Governance
71 on 7th Avenue
Hanover Square, Block B
Edenvale, Gauteng  1609
South Africa
Contact: Project Coordinator: CPD and Events
011615 0355


Online registration is closed.
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Presenter/s:

Sean de la Rosa

Duration:

2 Days

CPD Hours:

16

Fees

ex VAT

incl VAT

 

Member:

R 4 846.09

R 5 573.00

 

Non-Member:

R 5 873.91

R 6 755.00

How will this course benefit you?

 

On completion of the course, participants should:

  • have a broad understanding of risk management and the interaction with internal audit;
  • be able to develop their own risk based audit approach as well as consider how to successfully audit the risk management process required by various corporate governance codes;
  • be able to determine whether risk management can be used as a basis for the audit plan; and
  • make recommendations to management for improvement

Course Content

 

  • Why and how risk management has become pivotal in all industries today
  • The need for a common risk management language
  • An integrated approach to Board oversight – risk management as part of corporate governance
  • Increased risk management regulation – why all the fuss?
  • Discussing the key risk frameworks: COSO and ISO31000
  • King III’s requirements on risk management and its impact on internal auditors
  • A closer Look at the “Risk Culture” - applying a risk assessment to evaluate an organisation’s ethical climate
  • A risk management maturity model – defining your organisation’s current and future state
  • Goals of an Enterprise Risk Management (ERM) initiative
  • The value proposition for ERM
  • Core risk management process steps depicted and discussed:
    • Risk identification
    • Evaluation
    • Risk treatment
    • Monitoring and review
    • Communication
  • Suitable risk oversight structures and setting one up for your organisation
  • Roles and responsibilities of key stakeholders in the risk management process
  • Case studies on the integration of risk management and internal audit
  • A risk management framework – do’s and don’ts
  • Achieving a full ERM capability – how long and what needs to be in place to make it a success
  • Why risk management initiatives fail
  • How to embed risk management into the organisation
  • Introduction to risk modelling and general quantification techniques
  • 1A risk management audit program provided and discussed
  • Tips on developing your risk based audit plan
  • Useful websites on risk management
  • Future risk management trends

 

Who should attend?

 

 

Level 2

Internal auditors who are already practicing internal audit and have a basic understanding of the subject

Level 2

Internal auditors who are already practicing internal audit and have a basic understanding of the subject

 

Level 3

Supervisory/competent/senior internal auditors: those who already have a sound, practical grasp of the fundamentals of internal auditing and manage staff

A 10% discount applies if 2 or more participants from the same company attend this course.
Please be advised of the event terms and conditions.
Delegates are also requested to review the content and the levels of the courses presented before booking, to ensure they are attending the right course.

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