Auditing and Governance, Risk & Compliance

Certificate in Advanced Governance, Risk and Compliance (GRC)

Why Attend

Corporate governance and risk management are critical topics that are attracting more attention in business schools and among legislatures, with this trend only increasing. While there are different models for corporate governance and risk management, all of them aim at controlling risks effectively and organizing the relationship between a company and its stakeholders. What is more important is the fact that governance, risk management, compliance and effective internal controls are all part of one system. Unfortunately, not all companies have this avant-garde look towards this system. This course includes discussions about board structures, committees and their functions while covering the detailed process of managing risks as per the Committee of Sponsoring Organizations (COSO) of the Treadway Commission requirements in comparison to ISO standards. In addition, this course includes a module on compliance as per the ISO standards that cover the latest developments in this area.

Course Methodology

This course is built on presentations by the instructor and the participants and includes exercises and case studies to be discussed during the training sessions.

Course Objectives

By the end of the course, participants will be able to:
  • Advise on developing a board structure that includes executives, non-executives and independent members with varied experience
  • Assist in formulating committees and establishing committee requirements
  • Promote the proposal of policies for the company that need board approval
  • Support the creation of a successful risk management function based on COSO and ISO recommendations
  • Contribute to establishing a better compliance in the organization by utilizing ISO requirements

Target Audience

Board members, chief financial officers, senior management, directors, finance managers, financial controllers, accounting and finance personnel, legal counsel, corporate legal advisors, corporate secretaries, lawyers, external and internal auditors, HR managers, employees in GRC departments and department heads.

Target Competencies

  • null
  • Advising on the structure of the board of directors
  • Establishing board committees
  • Advancing board policies
  • Improving risk management functions
  • Expanding compliance functions
Risk and Compliance (GRC)

Course Outline

  • The board of directors
    • Shareholders' rights and duties
    • Stakeholders definition
    • Directors' duties
    • Risks of governance failures
    • The efficient board
    • CMA definitions on board membership
    • CMA on non-independence of board members
  • Board committees
    • Ethics and CSR committee
    • Nomination committee
    • Remuneration committee
    • Governance committee
    • Risk and compliance committee
    • Executive committee
    • Audit committee
    • Investment committee
  • Policies approved by the board
    • Anti-discrimination
    • Anti-harassment and anti-bullying
    • Anti-fraud and anti-corruption
    • Conflict of interest
    • Nomination, succession planning and remuneration policy
    • Risk management and compliance policy
    • Financial reporting and audit policy
    • Investments and asset management policy
  • Risk management
    • Risk management definitions
    • Risk management process
    • ISO 31000 risk management principles, framework and process
    • ISO 31000 risk management process
    • COSO ERM process
    • Risk response = 4 Ts
    • Control activities
    • Internal audit role in assessing risk management
    • IIA definitions
    • IIA guidance
    • IIA standard 2120
    • Internal audit assessment of risk management
    • Internal audit engagement approach
    • Risk management categories
  • Compliance success factors
    • Definition of compliance
    • ISO 19600 compliance management
    • Implementing compliance program
    • Causes of compliance program failing
    • Results of compliance failures
CONSULTING CATEGORIES Technical Programs Technical Programs Accounting and Finance Accounting and Finance Administration and Secretarial Administration and Secretarial Auditing and Governance, Risk and Compliance Auditing and Governance, Risk and Compliance Banking, Insurance and Financial Services Banking, Insurance and Financial Services Communication and writing skills Communication and writing skills Construction management Construction management Contracts management Contracts management Customer service Customer service Data Management and Business Intelligence Data Management and Business Intelligence Digital Innovation and Transformation Digital Innovation and Transformation Engineering and Instrumentation Engineering and Instrumentation Health Safety and Environment Health Safety and Environment Healthcare and Pharmaceutical Management Healthcare and Pharmaceutical Management Human Resources and Training Human Resources and Training Interpersonal Skills and Self Development Interpersonal Skills and Self Development Leadership and Management Leadership and Management Legal Legal Maintenance Planning and Asset Management Maintenance Planning and Asset Management Marketing and Sales Marketing and Sales Oil and Gas Oil and Gas Planning and Strategy Management Planning and Strategy Management Procurement and Supply Chain Management Procurement and Supply Chain Management Project Management Project Management Public Relations Public Relations Quality and Productivity Quality and Productivity Security Management Security Management Transportation Management and Aviation Transportation Management and Aviation Women Only Consulting Programs Women Only Consulting Programs Hands-on Automation Process Control Hands-on Automation & Process Control

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