Risk Management and Internal Audit - Tracking Enterprise Governance, Risk and Compliance Effectiveness

Effective risk-based auditing requires that the auditor understand management’s attitude to, and tolerance of risk. This training program will focus on audit planning based on an understanding of the internal control structure intended by management to mitigate risk and the degree of implementation of ERM.

Why Should You Attend:

Implementing ERM can, in many cases, lead to results which miss by far the desired objectives. Significant impact improvements can be achieved if the key benefits/impacts that are desired are identified up-front. Avoiding the limitations of general goals such as reduced risk exposure, improved compliance and more effective business processes, management requires clearly defined key improvement areas in order to facilitate process enabling verification of the extent to which risk levels are maintained within the overall risk appetite of the organization.

This course will examine, from an audit perspective, how internal audit can ensure that appropriate key improvement indicators have been established and are monitored by management in an effective manner.

Learning Objectives:

The webinar is designed to provide participants with an in-depth knowledge of:

• ERM fundamentals
• Common methods of determining risk levels and risk appetite
• The role of internal audit vs risk management

Areas Covered in the Webinar:

• Defining risk appetite
• Identification of key risk areas
• Key steps of the risk management process
• Trends in auditing, risk management, and compliance
• Internal audit’s position on ERM
• The role of internal audit in ERM
• Element of audit plan and internal audit's role in driving processes and values
• Benchmarking the effectiveness of your ERM plan
• Groups and parties involved in ERM and governance and their roles
• Key challenges and issues in managing enterprise-wide risk management activities

Who Will Benefit:

• Internal and external auditors
• Risk managers
• Executive management
• Governance, risk, compliance (GRC) staff
• CFOs and treasurers
• Chief legal counsel
• VPs of risk management
• Controllers
• Directors of operational risk
• ERM managers
• Risk analysts
• IT governance directors/managers
• IT risk directors/managers
• IT compliance directors/managers