• Day 1: Introduction to Internal Controls
  • Components of control frameworks (e.g., COSO).
  • Control environment and risk-based design.
  • Policies, procedures, and delegation of authority.
  • Documentation and record-keeping.
  • Common control failures and red flags.
• Day 2: Risk Management Fundamentals
  • Risk identification and classification.
  • Risk appetite, tolerance, and capacity.
  • Qualitative and quantitative risk assessment tools.
  • Risk registers and heat maps.
  • Integration of risk into business planning.
• Day 3: Integrating Controls and Risk Management
  • Governance oversight of risk and control systems.
  • Linking KPIs with risk metrics.
  • Cross-functional collaboration in risk response.
  • Crisis management and incident reporting.
  • Internal controls testing and review.
• Day 4: Regulatory Compliance
  • Compliance frameworks and obligations.
  • Implementing control activities for compliance.
  • Role of ethics, training, and reporting mechanisms.
  • Managing inspections, audits, and inquiries.
  • Emerging global compliance trends.
• Day 5: Continuous Improvement
  • Evaluating control effectiveness and audit findings.
  • Updating frameworks based on feedback.
  • Leveraging technology and automation.
  • Building a risk-aware organizational culture.
  • Sustaining governance and assurance programs.

Participant Takeaways: By completing this course, participants will develop the capabilities to build and improve risk and control systems that protect their organizations. They’ll enhance their decision-making, reduce exposure to threats, and contribute to a resilient governance framework.