Governance, Risk and Compliance (GRC)
Short Course by
Ciel Consulting
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On-Site
/ Short Course
May 20, 2024 - May 22, 2024
NGN 125,000.00
Details
Corporate governance and risk management are critical topics that have recently started attracting more attention in business schools and among legislatures, with this trend only increasing. While there are different models for
corporate governance and risk management, all of them aim at organizing the relation between company and stakeholders and controlling risks effectively. What is more important is the fact that 'Governance, Risk Management, Compliance and Effective Internal
Controls' are all part of one system. Unfortunately, not all companies have this avant-garde look towards this system.
This course includes discussions about board structure, committees and their functions while covering the detailed process of managing risks as per the Committee of Sponsoring Organizations of the Treadway Commission (COSO) requirements.
In addition, the course includes a discussion on internal controls that are used to respond to the risks in different areas of the corporation. Compliance is also covered per latest developments.
Course Methodology
The course is built on presentations by the instructor and the participants and includes exercises and case studies to be discussed in the training.
Outline
Course Objectives
By the end of the course, participants will be able to:
- Define corporate governance and its relation to risk management and internal controls
- Discuss the roles and responsibilities of the various stakeholders in a private or public organization
- List the functions of corporate governance and differentiate between the various models
- Identify the areas of risk management and its internal and external environment changes Identify the proper controls to be implemented in various business cycles
Board members, chief financial officers, senior management, directors, finance managers, financial controllers, accounting and finance personnel, legal counsel, corporate legal advisors, corporate secretaries, lawyers, external
and internal auditors, HR managers, and department heads.
Target Competencies
- Understaing of the board of directors' structure
- Analyzing board committees
- Improving risk monitoring and control
- Assessing and analyzing risks
- Controlling risks
- Reporting risks
- Advising on the GRC system
National Association of State Boards of Accountancy (NASBA) : Ciel Consulting Training and Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional
education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors
through its website
Location and Date
Ciel Consulting reserves the right to alter dates, content, venue and trainer.
Course Outline
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
Functions of corporate governance
- Independence of the board
- Selection, remuneration and evaluation of the board
- Analyzing current company’s CG system
- Disclosure and transparency
Introduction to compliance
- Definition of compliance
- Importance of compliance
- Practical examples of compliance
- Risks of compliance
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
Risk management process per COSO guidelines
- Internal environment
- Objectives setting
- Event identification
- Risk assessment
- Risk response
- Control activities
- Information and communication
- Risk monitoring
Implementing controls in business cycles
- Controls in 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
Schedules
Apr 22, 2024 - Apr 24, 2024
ENDED
| Weekdays | 10:00 AM — 04:00 PM |
May 20, 2024 - May 22, 2024
| Weekdays | 10:00 AM — 04:00 PM |
Jun 24, 2024 - Jun 26, 2024
| Weekdays | 10:00 AM — 04:00 PM |
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Ciel Consulting is an ICT outsource and training Services Company with headquarters in Port Harcourt Nigeria and affiliates companies in America and Europe.
We offer world class training in Project Management, Primavera p6, Ms Project,AutoCAD (2D and 3D), Telecom, Ethical Hacking, PDMS (Plant Design Management System) as it is known in the 3D CAD industry, is a customizable, multi-user and multi-discipline, engineer controlled design software package for engineering, design and construction projects in, but not limited to, offshore and onshore.
Leading Professional Training and Consultancy firm, Authorized Training Partner of Simplilearn Int'l. Accredited Training and Examination Center
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