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Claudelle von EckChief Executive Officer of the IIA SA

How to Effectively Review Your Organisation's Risk Management Process (ORMP)-7-8 December 2017
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This successful IIA training course is now entering its 5th year. Its emphasis is on sharing practical risk management advice needed by internal auditors on attesting the risk management process.

2017/12/07 to 2017/12/08
When: 7-8 December 2017
Registration starts at 8am
Where: 7th Avenue no 71
Johannesburg, Gauteng 
South Africa
Contact: Project Coordinator: CPD and Events

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Untitled Document

Presenter/s: Sean de la Rosa
Duration: 2 Days
CPD Hours: 16
ex VAT
inc VAT
R4 117.55
R4 694
R4 990.35
R5 689

How will this course benefit you?

On completion of the course, participants should:

  • have a broad understanding of risk management and the interaction with internal audit;
  • be able to develop their own risk based audit approach as well as consider how to successfully audit the risk management process required by various corporate governance codes;
  • be able to determine whether risk management can be used as a basis for the audit plan; and
  • make recommendations to management for improvement

Course Content

  1. Why and how risk management has become pivotal in all industries today
  2. The need for a common risk management language
  3. An integrated approach to Board oversight – risk management as part of corporate governance
  4. Increased risk management regulation – why all the fuss?
  5. Discussing the key risk frameworks: COSO and ISO31000
  6. King III’s requirements on risk management and its impact on internal auditors
  7. A closer Look at the "Risk Culture” - applying a risk assessment to evaluate an organisation’s ethical climate
  8. A risk management maturity model – defining your organisation’s current and future state
  9. Goals of an Enterprise Risk Management (ERM) initiative
  10. The value proposition for ERM
  11. Core risk management process steps depicted and discussed:
    • Risk identification
    • Evaluation
    • Risk treatment
    • Monitoring and review
    • Communication
  12. Suitable risk oversight structures and setting one up for your organisation
  13. Roles and responsibilities of key stakeholders in the risk management process
  14. Case studies on the integration of risk management and internal audit
  15. A risk management framework – do’s and don’ts
  16. Achieving a full ERM capability – how long and what needs to be in place to make it a success
  17. Why risk management initiatives fail
  18. How to embed risk management into the organisation
  19. Introduction to risk modelling and general quantification techniques
  20. A risk management audit program provided and discussed
  21. Tips on developing your risk based audit plan
  22. Useful websites on risk management
  23. Future risk management trends

Who should attend?

Level 2
Internal auditors who are already practicing internal audit and have a basic understanding of the subject
Level 3
Supervisory/competent/senior internal auditors: those who already have a sound, practical grasp of the fundamentals of internal auditing and manage staff

A 10% discount applies if 2 or more participants from the same company attend this course.
Please be advised of the event terms and conditions.
Delegates are also requested to review the content and the levels of the courses presented before booking, to ensure they are attending the right course.

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