The training is targeted towards enhancing the business units' understanding of controls and the importance of business ownership of controls. As the audience are non-auditors, the training will be customized to familiarize the business units with controls by translating basic concepts in simple and understandable terms.
The training will be discussed in the context of the importance of total employee involvement and ownership of controls. The training will utilize a combination of instruction to discuss the controls concepts, facilitation thru group discussions and application via departmental breakout activity at the end of the course.
What You Will Learn
Introduction to Controls and Risk
Definition of Controls and Risk
Importance of Risk Management and Business Ownership of Controls
Key Control Activities embedded in Business Processes
Holistic Perspective of Controls
COSO Framework from a Non-Auditor Perspective
Enterprise Risk Management (ERM) Concept & Trends
Business Ownership of Controls
Why this is important
Role of the Business in Driving Controls: Three Lines of Defense Model
Segregating Accountability: RACI Model
Embedding Controls in Business Processes: Controls Self-Assessment
Departmental Breakout Activity
Departmental Action Planning to drive controls ownership
Who Should Attend
The seminar is ideal for all auditors and non -auditors.
Number of CPE Units : 3
Cancellation & Substitution Policy
Cancellations received less than 24 hours prior to the event or after receiving the final confirmation email and zoom link will be charged a cancellation fee, which is 50% of the registration fee.
Substitutions are allowed within the same event without incurring a cancellation fee. (Rate should be the same, if not, difference should be paid)
No show registrants will be charged 50% of the registration fee.