| NAME OF THE COURSE |
| AUDIT & RISK MANAGEMENT |
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| CERTIFICATION |
| CERTIFIED MASTER OF AUDIT & RISK MANAGEMENT |
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| COURSE OVERVIEW |
| For internal employees who want to understand and expand their roles related to financial reporting, as well as those who simply need a refresher on financial accounting, this course is the ideal way to get up to speed. By exploring concepts that go beyond basic accounting, this course will enable participants to approach financial auditing with renewed confidence. |
| The programme will walk participants through an analysis of an organization’s financial statements using case study exercises, where participants will calculate key ratios and analyze trends over time. Engaging in discussions on both historic and current fraud cases, participants will learn how to recognize “red flags” in financial statement reporting. |
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| TRAINING DURATION |
| Total Training Hours : 22 Hours |
| Training Duration : 1 Week |
| Total Training Days : 4-5 Working Days |
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| TRAINING SCHEDULE |
| Weekdays (Sunday to Thursday) |
| Regular Sessions : 4 – 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm) |
| Food & refreshments Included |
| Weekends (Friday & Saturday) |
| Fast Track Sessions: 8 Hours per day (9am to 5pm) |
| Food & refreshments Included |
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| CERTIFICATION |
| Globally recognized certificate from “Kings Global Career Academy” |
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| TEST |
| No |
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| LEARNING AIDS |
| Yes |
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| COURSE MATERIAL |
| Hard & Soft Copies of Study Material |
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| LANGUAGE OF INSTRUCTION |
| English |
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| INSTRUCTOR HELPLINE |
| Yes |
| 1. Email |
| 2. Social Media (For Emergency requirements) |
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| REGISTRATION REQUIREMENTS |
| 1. Passport Copy |
| 2. Curriculum Vitae |
| 3. Passport size photographs |
| 4. Course Fee |
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| MODE OF PAYMENT |
| Cash / Cheque / Credit Card / Bank Transfer. |
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| ELIGIBILITY CRITERIA |
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- Regulators & Account Managers
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| COURSE BENEFITS |
- Future internal audit plan ideas
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- Ensure black swan events are adequately managed
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- Applying the highest level of objective assurance to address key risks
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- A fresh look to keep pace with organizational change
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- Verification that insurance policies actually provide the coverage expected
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| COURSE OUTLINE |
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| 1. Risk Management – Design of a robust risk management function |
- Risk appetite setting, monitoring and escalation
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- Running a risk workshop – survey, brainstorming session, voting software. Making it effective, active and timely
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- Identifying your key risks, measuring, ranking, monitoring and actions
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- Risk register and documentation
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- Types of emerging key risks – e.g. cybersecurity, change management (process execution, upstream), information security, outsourcing & contract management, IT stability and resilience
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| 2. Risk Management within Three Lines of Defence (3LOD) |
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- Benefits of having an effective 3LOD
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- How to navigate the roles and reporting lines in 3LOD environment
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- Where does the 3LOD sit within an organisation?
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- ISO 310000 – International Organisation for Standardization for Risk Management
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| 2.A. Regulatory risk management |
- Protecting brand recognition and value
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- Meeting the demands and expectations of regulators, investors and shareholders
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- Managing crisis/stress situations
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| 3. Building an Effective Internal Audit Function |
- IA Charter – Institute of Internal Auditors’ International Standards for the Professional -The practice of Internal Auditing
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- Professional practise – integrity, independence, objectively, relationship with stakeholders
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- Audit universe – understanding the bus, create a universe
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- Continuous monitoring methodology
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- How an IA function performs a Risk Assessment
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- Engagement execution and reporting
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- Scoping – key controls and risks
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- Control design adequacy review
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- Control effectiveness review
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| 4. IA Role of Adding Value |
- Attendance and role at various forums
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- Outsourcing IA function – risks and rewards
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- Behaviours for a high performing IA
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- Collaborating within IA and the organisation
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| 5. Regulatory Function |
- Introduction to the role of regulation and the role of regulatory authorities in supervising businesses.
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- The role and responsibilities of the Compliance function
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- The management of regulatory relationships including regulatory inspections
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- Compliance and Regulatory Risk Management
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| 6. Governance and Culture Governance |
- Introduction to effective corporate governance
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- Risk management framework across all levels
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- Risk information flows between various layers
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- Directors’ compliance statements
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- How to identify and resolve conflicts of interest – legal repercussions
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- Personal and collective accountability and authority
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- Corporate Governance Code – case study Select a key corporate governance code and present on impact to your organisation
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- Corporate governance code for Credit
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- Institutions and Insurance Undertakings
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