Course description
Compliance as a discipline was traditionally thought of as ensuring adherence to the many rules and regulations organisations face. But compliance is now about so much more: culture, ethics, advice – modern compliance really is at the heart of the business. Compliance is more than risk-reduction, it’s an ethical approach to business. As a professional in this field, you’ll set the standard for your employer, ensuring they’re ready for change - and agile enough to evolve.
Compliance professionals not only navigate a complex regulatory environment but also add a key commercial perspective. They enable the right business to be conducted in the right way and help firms achieve success by using systems and controls to ensure effective risk management.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
Governance, Risk and Compliance training course , is ideal for :
- Executives and Board Members
- Internal Auditors
- Compliance Officers / Managers and their Deputies
- Governance Professionals
- Risk Managers
- GRC Professionals
- Legal Professionals
- Regulatory Representatives
- Company Secretaries
- IT Professionals dealing with governance, risk management and compliance
- Managers responsible for governance, risk management and compliance activities
Outcome / Qualification etc.
At the end of the Governance, Risk and Compliance training course, you will be able to:
- Understand the concepts of governance, risk management and compliance (GRC)
- Understand the regulatory environment
- The reason for being governance is essential for effective regulatory compliance risk management
- Identify high-risk areas and compliance in your organization
- Apply Risk-based Approach
- 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
- Using a risk-based audit approach
Training Course Content
Day 1
Overview of governance, risk management, and internal controls
- Definition of corporate governance
- The scope of corporate governance
- Essential corporate governance principles
- Code of conduct
- The board of directors
- The audit committee
- Other committees
Stakeholders in Corporate Governance (CG)
- Stakeholders
- Shareholders rights
- Directors’ duties and rights
- Internal auditors and external auditors
- Risk-based decision making
- CG failure effects
- The efficient board
Day 2
Functions of corporate governance
- Independence of the board
- Selection, remuneration, and evaluation of the board
- Analyzing the current company’s CG system
- Disclosure and transparency
Introduction to compliance
- Definition of compliance
- Importance of compliance
- Practical examples of compliance
- Risks of compliance
Day 3
Enterprise Risk Management
- Risk perception
- Why should we care about risk?
- Internal environment changes
- External environment changes
Risk Management areas
- Strategic
- Operations
- Reporting
- Financial
- Health and safety
Day 4
Risk management process per COSO guidelines
- Internal environment
- Objectives setting
- Event identification
- Risk assessment
- Risk response
- Control activities
- Information and communication
- Risk monitoring
Day 5
Implementing controls in business cycles
- Controls in the purchase and payment cycle
- Controls in inventory and costing cycle
- Controls in HR and payroll cycle
- Controls in sales and collection cycle
- Controls in fixed assets life cycle
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...