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Governance Risk Compliance Masterclass

OBJECTIVES

• Understand the concepts of governance, risk management and compliance (GRC)
  
• Understand the regulatory environment.
  
• Appreciate the reasons why governance is essential for effective regulatory compliance risk management.
  
• Identify high-risk areas and compliance in your organization.
  
• Apply Risk-based Approach.
  
• Articulate the role of the compliance officer and his team.
  
• Develop and implement a governance, risk management and compliance strategic plan.
  
• Understand, define, and enhance organizational culture as it relates to performance, risk, and compliance.
  
• Implement governance, risk management and compliance processes that are effective and efficient Use a risk-based audit approach.

 

OUTLINE

1. Introduction Governance, Risk and Compliance (GRC)

• An Overview of the Regulatory Environment
  
• International Regulation
  
• Know Your Regulator
  
• Compliance Environment in South Africa
  
• Compliance Function in Your Organisation
  
• Compliance Risk Assessments
  
• Fraud Risk Assessment
  
• Organizational Risk Assessment
  
• Compliance Gap Analysis

2. Corporate Governance

• Definition of Corporate Governance
  
• Objectives and outline of King IV
  
• Fundamental Role and duties of the Governing Body
• Promotion of Diversity
  
• Composition of the governing body
  
• Committees of the governing body
  
• Chairing of the governing body
  
• Regulatory requirements
  
• Delegation to management
  
• Performance evaluations

3. Risk Management

• Introduction to Risk
  
• Risk Scenario Components
  
• Risk Assessment, Risk Treatment
  
• Risk Management Process
  
• Enterprise Risk Management
  
• Risk Management Challenges
  
• Risk Management – ISO 31000
  
• COSO ERM
  
• Enterprise Risk Management Components
  
• Goals of an ERM Program
  
• Common Challenges in ERM Implementation

4. Compliance Management

• The Compliance Challenge
  
• What is Compliance?
  
• Conformity Assessment
  
• The South African Regulatory Landscape
  
• Frameworks and Standards Landscape
  
• Compliance Framework
  
• Australian Compliance Standard – AS 3806
  
• Compliance Elements
  
• Identifying Compliance Requirements
  
• Developing Common Control
  
• Mapping Controls
  
• Compliance Implementation Approach

5. Governance, Risk Management and Compliance implementation

• Concepts of the Model of ‘Governance’, ‘Risk’ and ‘Compliance’ (GRC)
  
• Principles of Governance, Risk and Compliance
  
• Governance, Risk Management and Compliance Roles and Responsibilities
  
• Governance, Risk Management and Compliance Integrated Approaches and their Key Enablers
  
• Role and Responsibilities of Board and Committees
  
• Selective Best Practices
  
• Building an Effective Model of Governance, Risk and Compliance in Your Organisation

 

TRAINING METHOD

Presentation

Discussion

Case Study

Evaluation

 

FACILITY

Training Kit

Handout

Certificate

Lunch + 2x Coffee Break

Souvenir

Pick Up Participant (Yogyakarta only)