Advanced Internal Controls Workshop
Join us for a comprehensive exploration of the key concepts in Business Risks, Corporate Governance, and Internal Controls. This course is designed for intermediate to advanced professionals in the internal control and internal reporting field, who seek to enhance their knowledge and skills in managing risk and internal controls in corporate governance.
In today’s dynamic business environment, the board’s responsibility to manage risk and internal control has never been more important. Effective risk management and internal control systems are critical to the success and sustainability of any organization. Through this course, you will gain valuable insights into the key elements of corporate governance that boards must consider when designing, implementing, monitoring, and evaluating their risk management and internal control frameworks. Our comprehensive course will cover a range of topics, including audit evidence and sampling, the business risk environment, and key corporate governance initiatives. We will delve into the structure and core elements of the International Professional Practices Framework and explore how to focus on critical enterprise risks and emerging risks from the audit function. You will also learn how to embed the desired culture and behaviours in your organization and build effective communication systems, including whistle-blowing procedures.
The course will cover the COSO framework as it is one of the most widely recognized frameworks for internal control. You will learn about the five components of the COSO framework, which include control environment, risk assessment, control activities, information and communication, and monitoring activities. We will also discuss how to apply the COSO framework to your organization’s internal control and risk management systems. Understanding the COSO framework is essential for any professional working in the internal control and internal reporting field, as it is a widely accepted framework used by auditors and companies worldwide.
Effective communication is vital for internal auditors of all levels, and persuasive audit reports are critical for effective communication. Our program is designed to guide internal audit professionals from various industries on how to create effective audit observations and reports that comply with professional standards, generate management action, and convey essential messages to senior management. This is a crucial skill that not only benefits the organization but also prepares individuals for career advancement.
We believe this course will provide you with the tools and techniques you need to develop a comprehensive understanding of managing risk and internal controls in corporate governance. So, join us for this exciting and engaging training course and take the first step in enhancing your skills and expertise in this critical area!
Key Learning Features
- Identifying the value proposition stakeholders expect from the internal audit function
- Develop an understanding of the business risk environment and key corporate governance initiatives required for effective risk management and internal controls
- Understand COSO-based auditing for Control Activities and describe the structure and core elements of the International Professional Practices Framework
- Recognize recent scandals and internal audit failures, and learn from them to improve internal audit practices and techniques
- how to engage effectively with stakeholders and deliver assurance standards on the culture of the organization
- Use effective risk reporting in order to advance dialogues around risk appetite and enhance risk decision-making
For More Information
Please contact our customer service team for more information about our Business Risks, Corporate Governance & Internal Controls Training program and to enroll. Our team is dedicated to providing you with excellent service and answering any questions you may have. We look forward to hearing from you and helping you take the next step in your professional development.
Global Program Schedule and Hosting Opportunities
Our program has been scheduled in multiple cities worldwide. For a comprehensive schedule and to find a session in your area, please explore the following links. If you are interested in organizing this program in your city, we encourage you to contact us for collaboration opportunities and more information.