Introduction to Risk and Control Matrices for Internal Audit/SOX/Assurance

This risk assessment and management training will discuss the risk analysis process and control matrices that help to comply with Section 404 of the Sarbanes Oxley (SOX) Act.

Why Should You Attend:

Process risk analysis can be used for SOX Compliance or internal Audit projects. However, it is also very useful in ensuring that risks are properly mitigated and in determining the key controls in your business process to allow active board and senior management oversight. If not planned in advance, the whole process can grind to a halt while forward thinking companies have already taken those eventualities into account. This session will consider the steps that need to be taken in developing an effective risk and control matrix that can be used within a business either as a SOX compliance or audit tool or more widely as a valuable management oversight assist.

This webinar will discuss the types of risks, risk analysis methods and the role of management in risk identification and control. It will highlight the documentation requirements specific to risk and control matrices. This session will help attendees in establishing a risk analysis and management process within their organization in order to meet SOX compliance, as well as internal and external audit requirements.

Areas Covered in the Seminar:

Following topics will be covered in this webinar:

• Types of risk
• Risk and control identification- the role of management.
• Process risk analysis.
• Template for a risk and control matrix.
• Risks of material misstatement and fraud.
• Documentation requirements specific to Risk and Control Matrices.

Who Will Benefit:

This risk analysis training will be beneficial to the following personnel in any regulated company:

• Financial Officers
• Board Members
• Internal Auditors
• External Auditors
• Audit Committee Members
• Operational Risk Managers
• Departmental Managers
• Financial Managers