Internal audit is vital to the proper management of risk
and risk governance. Current corporate governance codes – like that of ASX –
place internal audit squarely at the front and centre of their risk management
strategies.
Learn more about ensuring that your risk management is
sound, effective and well governed in this highly interactive and practical
course, loaded with real-life, down-to-earth case studies from both private and
public sectors
Topics Covered:
- The
path and foundation - purpose, objectives
and criteria for your risk management framework; key stakeholders and responsibilities; confirming
and reinforcing
- Understanding risk in your organisation -
defining risk types; accumulation/concentration of risk; assessing risk
appetite, attitude, resilience and residual risk; defining risk indicators for
reporting
- Proper risk mitigation - risk control measures
and confirming their effectiveness; confirming risk response; defining
performance measures; confirming and reinforcing the role of internal
audit
- Risk management standards - Australian and
international risk management standard AS/NZS ISO 31000:2009; practical
application for governance and audit; comparing and combining internal control
and risk management
- Ensuring complete and functional
management -
defining and assessing effectiveness; ensuring effectiveness in key external
organisations; testing total framework effectiveness; reinforcing risk
management behaviours; confirming risk
management quality
- Assurance - providing objective advice and
assurance to stakeholders
Learning Outcomes:
By the end of the
training course, the participant will be able
to:- Recognise and assess organisational risk
- Understand the elements of effective risk management and internal
audit’s role
- Establish clear performance measures for effective risk
management
- Improve knowledge and capability of internal audit for effective
risk management.
Speaker: Chris
Teniswood, Principal, Pinpoint
Solutions