Risk Management & Internal Control

Risk Management & Internal Control

2-4 September 2018, Dubai – United Arab Emirates

Risk Management & Internal Control

Benefits of Attending:

Undertaking and completing the course will enable you to:

  • appreciate why and how risk management and internal controls fits with the internal audit activities you undertake for your organisation;
  • demonstrate how ISO 31000 and ISO 9001 fits with the International Standards for the Professional Practice of Internal Audit and the relevance to internal controls development;
  • apply the risk maturity model to the business in order to consider whether internal controls are relevant, correctly targeted and proportionate to the businesses risk exposure;
  • develop your risk management and internal control skills to cultivate a direct line of sight to the organisation’s risk management framework;
  • utilise risk management and internal control awareness to develop or contribute to the internal audit, programme and plan;
  • consider the internal control environment, it’s integrity, business culture and ethics;
  • apply the Combined Code, OECD Corporate Governance Principles, COSO and CoCo frameworks to provide relevant and insightful assurance in respect of risk management and internal control;
  • examine risk and internal controls assurance to support management in developing an assurance map;
  • employ the ‘3 lines of defence model’ to design your approach to reviewing and assessing risk management and internal control;
  • integrate risk based planning within your operation to become forward looking and support management in creating value for your business; and
  • consider how risk management and internal controls can be utilised to undertake ‘root cause’ analysis of issues are adequately and robustly addressed whilst maintaining the competitive advantage of the business.

Course Methodology:

To ensure you gain the maximum benefit from the training a mixture of learning techniques will be used. These include:

  • Group discussion; Presentations; Case Studies;
  • Collaborative and interactive exercises or mini assignments;
  • Participant feedback and experiences

Risk Management & Internal Control training utilises practical examples to help participants learn how to manage and develop different approaches to effectively assess risk management and internal controls procedures. Participants will learn how to develop, maintain and improve lines of communication with management and the Audit and Risk Committee in order to help the business improve both risk management and the associated internal controls. Further, the seminar will look at different styles and approaches to problem solving.

Risk Management & Internal Control workshop will look at ways to motivate staff and help put you at ease when assessing risk management and internal control. The application of ‘leading practice’ standards such as ISO 31000 forms a fundamental focus for the training and helps delegates assimilate the role the 3 lines of defence should play in the risk management and internal control process.

The internal audit activity must assess and make appropriate recommendations to improve the organisation’s governance processes for: Overseeing risk management and control. The International Standards for the Professional Practice of Internal Auditing – 1220.A1 highlight that internal auditors must exercise due professional care by considering the adequacy and effectiveness of governance, risk management, and control processes. Further, standard 2120 emphasises that internal audit must evaluate the effectiveness and contribute to the improvement of risk management processes.

Risk Management & Internal Control course provides auditors with the tools and techniques they need to assess risk management, risk maturity and internal controls. The internal audit function adds value to the business and stakeholders when it assesses governance, risk management, and control processes and objectively provides relevant assurance. Reviewing control design, effectiveness and compliance levels are all key aspects of providing a modern and insightful internal audit service. Knowing how to adequately assess internal control is key to adding value.

Course Modules:

The following modules will be covered in detail:

  • Course Background and Introduction to Risk Management and Internal Controls – Key terms and principles
  • Risk Management
  • Internal Controls
  • Risk Management and Internal Control Assessment Techniques and Tools
  • The Internal Audit Work Programme – Reviewing Risk Management and Internal Control

Who Should attend?

The course is relevant to all internal audit professionals or those involved in developing and assessing internal audit strategy, programmes and plans. It is useful to those seeking to integrate ‘root cause analysis’ into their testing and delivery approach in order to add value and provide insight. Attendees who would benefit from the course include:

  • Chief Audit Executives, Senior Auditors and Auditors.
  • Audit Committee Members

The course is suitable to expand current levels of knowledge in order to achieve a deeper understanding of risk management and internal control . By further developing your skills you will be able to become more involved and adept in supporting the Chief Audit Executive and the Audit and Risk Committee members. The course helps develop the skills to add genuine and lasting value as an internal audit leader.

Company Name (required):
Contact Name (required):
Contact Email (required):
Contact Number(required):

Contact Details
Company Name (required):
Contact Name (required):
Contact Email (required):
Training Details
Training Subject:
Three keys topic to be covered:
Estimated number of Participants:
Duration of the course:
Estimated dates:
Levels of the participants:
Position of the participants (i.e. Manager):
Allocated budget: