Advanced Internal Controls | 2-Day Workshop
Join us for a two-day workshop in New York City, USA focused on Business Risks, Corporate Governance, and Internal Controls. This course is ideal for intermediate to advanced professionals in internal control and reporting. It will help you enhance your ability to manage risks and improve corporate governance frameworks. In today’s fast-paced business environment, maintaining robust internal controls is essential for success and sustainability.
Boards play a vital role in managing risks and ensuring strong governance. This workshop provides practical tools to support their responsibilities effectively. You will gain insights into designing, implementing, and monitoring risk management systems. Moreover, the program tackles emerging challenges and highlights global best practices in corporate governance.
The course covers topics such as audit evidence and sampling, the business risk environment, and corporate governance initiatives. It also explores the COSO Framework, including its five components: control environment, risk assessment, control activities, information and communication, and monitoring activities. By applying these principles, you will strengthen your internal controls and align risk management systems with your organization’s objectives.
Additionally, the course introduces the International Professional Practices Framework (IPPF) to help analyze critical and emerging risks. You will also learn how to foster a culture of accountability, implement whistle-blowing procedures, and create clear and persuasive audit reports. These skills will empower you to meet professional standards while driving meaningful action within your organization.
By the end of the program, you will have the tools and strategies needed to build strong risk management frameworks and governance systems. This training positions you for success in advancing your career. Take the next step in mastering risk management, corporate governance, and internal controls. Enroll today!
Key Learning Features
- Identify the value stakeholders expect from the internal audit function.
- Understand the business risk environment and key governance initiatives for effective risk management and controls.
- Learn how to integrate internal controls for ESG implementation to meet sustainability goals and compliance standards.
- Use COSO-based auditing for control activities and understand the core elements of the IPPF framework.
- Analyze internal audit failures and scandals to improve practices and techniques.
- Engage with stakeholders and deliver assurance on organizational culture and governance standards.
- Use risk reporting to enhance risk appetite discussions and improve decision-making.
- Support ESG initiatives by assessing sustainability risks, governance frameworks, and compliance requirements effectively.
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.
Online | London | Dubai | New York | Toronto | Mumbai | Singapore | Sydney | Bermuda | Zurich | Miami | Cape Town | Lima (Peru) | Doha | Rio de Janeiro | Brussels
For More Information
Please contact our customer service team for more information about our Business Risks, Corporate Governance and 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.
Instructor Bio
Our trainers have specialist knowledge and first-hand experience in implementing the International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS), Generally Accepted Accounting Principles (USGAAP), UK GAAP, Risk management strategies, Valuations, Mergers & Acquisitions, Corporate Governance, Environmental, social, and corporate governance ( ESG) reporting, Supply Chain Management, Prudential regulations, Compliance matters (such as Basel regulations, Solvency II, Anti Money Laundering regulations and a number of other evolving regulatory matters) and a whole range of professional development programs (e.g., Negotiations Skills, Presentation Skills, Data Management, Python, Block-Chain, Digital Assets etc.)
This ensures an engaging and stimulating learning experience for professionals and senior executives, helping to ensure knowledge is retained. They understand the accounting and regulatory requirements, risk environment, industry issues and challenges, risk management strategies, financial reporting & disclosure requirements, and compliance environment. They impart their knowledge using real-life industry examples, simple and user-friendly presentations of important concepts/approaches and case studies.
Instructor for this course
Shasat Faculty
Our Partners
Our Partners in learning
Course Description
Governance and Board Effectiveness
- Board size and composition
- Board performance
- Board evaluation and re-election
- Role of the board
- Chair and chief executive – roles and relationship
- Role of committees/subcommittees
- Role of management
- Role of internal and external audit
- Case Study: Met Life Internal control Failures
- Case Study: Cryptocurrencies and FTX Failures
Business Risks and Corporate Governance
- Introduction to Business Risks and their types
- Enterprise Risk Management Framework (ERM)
- Assessing the effectiveness of the ERM framework
- Corporate Governance framework and its importance
- Compliance and Regulatory requirements
- Case Study: Governance failure at Enron
COSO Framework
- Overview of the COSO framework
- Understanding the components of COSO – Control Environment, Risk Assessment, Control Activities, Information and Communication, Monitoring
- Evaluating the effectiveness of internal controls using the COSO framework
- Implementing the COSO framework in organizations
- Group Exercises and Examples
Advanced Risk-Based Approach
- Identifying areas of significant risk
- Classifying and quantifying risk areas
- Audit population/scope and re-audit frequency in line with risk
- Overview of emerging threats
- Internal Control-Integrated Framework for sustainability reporting
- Group Case Studies and Examples
Introduction to the Engagement Process
- Types of Internal Audit Engagements
- Planning the Engagement
- Performing the Engagement
- Conducting Engagement Communications
Conducting Effective Internal Checks
- Pre-audit planning
- Effective audit sampling techniques
- Recording findings during auditing
- Effective stakeholder engagement
- The auditor’s role as a consultant
- Utilizing audit reporting to inform organizational policy development
- Continuous improvement initiatives and supervision
- Measuring improvement – a toolkit for objective measurement and demonstration of audit output improvements
- Examples and Case Studies
Compliance Checks
- Record-keepingg procedures
- Controls to identify potentially suspicious activities
- Trade finance transactions
- Trade processing controls by processing staff • Red flagging procedures
- Pre-determined thresholds systems and controls
- Escalations
- Actions are taken by senior management
- Evidence and awareness of senior management evidencing how crime risks evolve in the organizational type of business
Engaging with the Audit Structure
- Making effective recommendations and business cases
- Presenting observations in a clear and concise manner
- Contributing meaningfully to the development of the long–term audit strategy
- Upgrading the profile of internal audit within the organization
Audit Report Writing
- Objective comments
- Constructive tone
- Compliance terms and abbreviations for internal auditors
- Improvement recommendations
- Continuous improvement techniques
- Internal audit report failures
- Case Studies and Examples
The course agenda provided herein is the proprietary intellectual property of Shasat. It is intended solely for the use of participants enrolled in the respective course. Any reproduction, distribution, or unauthorized use of this course agenda, in whole or in part, without the explicit written consent of Shasat, is strictly prohibited and may result in legal action.
All rights reserved. ©2024, Shasat
Why you must attend?
In today’s rapidly changing business landscape, risks and challenges are ubiquitous. Organizations must have robust corporate governance structures and effective internal controls to manage these risks successfully. The failure to do so could result in significant financial losses, reputational damage, or even the collapse of the business.
Our two-day training course on Business Risks, Corporate Governance, and Internal Controls is designed to help you understand the importance of these concepts and develop the knowledge and skills necessary to excel in a complex business environment. You will learn how to identify and assess the critical risks facing your organization, design and implement effective internal control systems, and establish suitable corporate governance frameworks that meet professional standards.
In addition, you will gain valuable insights into audit evidence and sampling, the business risk environment, and key corporate governance initiatives. You will also learn how to focus on critical enterprise risks and emerging risks from the audit function and use effective risk reporting to advance dialogues around risk appetite. Our program will equip you with the tools and knowledge necessary to communicate with stakeholders effectively and deliver assurance standards on the culture of the organization.
By attending this course, you will also gain a competitive advantage in your career, as the ability to manage risk and internal controls is an essential skill for today’s professionals. This course will help you recognize various career opportunities in the internal audit field and equip you with skills that are in high demand. Don’t miss this opportunity to enhance your career prospects and contribute to the success of your organization.
Sign up for our training course on Business Risks, Corporate Governance, and Internal Controls today.
Teaching methodology
Our training course on Business Risks, Corporate Governance, and Internal Controls has been designed to offer an innovative and comprehensive approach to learning for professionals in all industries. Our teaching methodology includes:
- A user-friendly slide deck that presents the concepts, methodologies, and principles in a clear and concise manner, making the material easily accessible to all attendees.
- Interactive sessions featuring real-life case studies to provide hands-on experience and bring the material to life.
- Explanations of concepts and methodologies through the use of examples and distinct scenarios, allowing attendees to understand the material in context.
- Group exercises designed to illustrate key principles, encouraging collaboration and fostering a deeper understanding of the material.
- In-depth discussions on the latest industry developments, providing attendees with a well-rounded understanding of the subject matter.
- Access to additional course material and handouts, ensuring attendees have a comprehensive reference resource to support their learning.
- An open and inclusive atmosphere that encourages attendees to ask questions and engage in discussion, ensuring a thorough understanding of the material.
Our course will equip you with the skills and knowledge necessary to effectively identify and manage business risks, ensure strong corporate governance, and establish robust internal controls.
Whether you are a seasoned professional or just starting out in your career, our dynamic and engaging learning experience will support your professional development and help you advance in your field. Don’t miss this opportunity to enhance your skillset and advance your career – enroll today!
Who should attend?
This course is open to a wide range of individuals who are interested in developing their knowledge and skills related to the internal audit function, including but not limited to:
- Accountants and financial managers
- Internal auditors and auditing managers
- Controllers and treasurers
- Practitioners involved in accounting, finance and non-finance staff, and budget officers
- Academics and accountancy students
- Any individual responsible for safeguarding company assets and interested in risk management and internal controls.
Whether you are new to internal auditing or an experienced professional looking to enhance your knowledge and skills, this course offers a valuable opportunity to gain a deeper understanding of the internal audit function and the role it plays in risk management, corporate governance, and internal controls.
Feedback
Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.
Venue & other info
Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us. One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.
Please note that accommodation arrangements are the responsibility of the attendee.
Workshop Delivery (Online Programs)
The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.
In-Person Workshop
Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.
Changes to the conference
Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event.
We are pleased to offer sponsorship opportunities for our training programs, providing companies with a unique platform to showcase their brand and services to a highly engaged and relevant audience. By becoming a sponsor, your organization will have the opportunity to build brand awareness, demonstrate thought leadership, and cultivate valuable relationships with industry professionals. Our programs offer a platform to reach a targeted audience and generate new business leads while showcasing your expertise. The benefits of sponsorship include increased brand exposure, opportunities to connect with key decision-makers, and a platform to promote your products and services. We invite you to take advantage of this prime opportunity and partner with us to enhance your visibility and impact within the industry.
We kindly request that you carefully review all of the terms and conditions outlined on our website. This information is critical in ensuring a clear understanding of our policies and procedures. Please follow the link provided to access this information.
Discover more about Shasat by exploring our “About Us” page, where you can gain insights into our company’s mission, values, and history, and learn how we can help you achieve your goals.
Payment
Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.
We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.
Group discount
Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.
Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.
For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.
In-House Training
Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.
