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INTERNAL CONTROLS & RISK MANAGEMENT TRAINING

 

1. Integrated Approach to Evaluating Internal Controls

 

Training Objectives

Teach participants the Committee of Sponsoring Organizations of the Treadway Commission (COSO) integrated model for evaluating internal controls, its implications and how COSO expands on the traditional concepts of internal controls. Learn important concepts that further enhance the value of internal controls. This includes COSO fundamental principles of internal controls. Participants will gain knowledge of how to use the COSO model to measure the effectiveness of current organizations' internal controls. Participants will become familiar with the various major elements of the COSO integrated internal controls framework and understand ways and how to appraise corporate documentation to support the organizations internal controls.

 

2. Enterprise Risk Management (ERM) and its Implementation

 

Training Objectives

Participants will learn the various elements of the COSO Enterprise Risk Management Framework and the various ERM implementation techniques for various levels of an entity in the application of the ERM principles. Participants will learn the process of setting objectives and their relationships to risk assessments and how to conduct risk identification and assessment and build risk matrix for effective internal control system and decision making. Participants will also gain knowledge of the interrelationship of enterprise wide objectives, and the various elements of the ERM. This training will also teach participants on how to align operational risks to the ERM along with monitoring and reporting of risks assessment control activities.

 

3. Internal Controls Essentials For Effectiveness

 

Training Objectives

To provide both old, new audit and non-audit or accounting personnel with the fundamentals issues involved in the systems of internal controls and the implementation of effective internal controls system for the entity.

 

4. Risk Based Internal Auditing

 

Training Objectives

Participants will be exposed to the rudiments of fraud examinations, fundamentals of occupational fraud and abuse and common internal fraud schemes. They will also be able to identify legal elements of fraud, and trained in ways to use risk analyses in determining high risk fraud areas for internal investigation. Participants will also learn to conduct risk assessments and developing required audit programs.

 

5. Basel II Compliance and Guidelines for Implementation

 

Training Objectives

To provide the necessary knowledge and skills needed in order to understand and implement Base II compliance functions. Training covers the overview of some of the new trends in risk management auditing including the issue of internal adequacy of capital assessment, risk and corporate governance requirements under Basel II. This will also address the scope and implementation of Basel II compliance functions and the technical challenges involved. It will also familiarize participants with Basel II guiding principles and the three-pillar strategy.

 

Training