The turmoil in the world is continuing – with increasing public unrest fluctuating commodity and service prices, natural disasters on a scale so unimaginable, volatile stock markets and world economic uncertainty. The possible way out is to recognise the only real link between all these events – RISK – and then to try to anticipate, manage and exploit such risks at an enterprise level.
In many organizations risks have been identified as a result of control failures or as a result of pressure from regulators or Government. The primary intent has often been to tick the box and avoid criticism. Thankfully many organisations have realised that much more is needed and have developed an ERM approach, to ensure that risks that were previously managed in isolation can be aggregated and prioritized across the entire enterprise. However, stopping here is like driving a plane on a highway – it might go faster than the cars but it hasn’t reached its full potential.
This course takes you one step further. Risks are scored based on business materiality with each risk being evaluated and compared with it’s financial, legal, reputational, and regulatory impact, and classified by the effect it could have on the enterprise.
What is covered?
- Understanding how ERM is evolving in today’s industry landscape – key
- principles on risk management;
- Overview of how an ERM works in practice - incorporating ERM into your organisation’s business cycle;
- Fundamentals of an ERM framework and how to design the important elements and components within it;
- High level diagnosis of your organisation’s ERM status and identification of the improvement areas and next steps
Course beneficiaries:
Chief Executives, Managers, Risk and compliance staff, Accountants, Credit
Managers in Banks, Auditors, Treasury officers and Entrepreneurs.
Scope: Global Mode of training: Virtual Time: From 9:00am to 12:00pm
Dates:
Oct 05-16, 2020
August 17-28, 2020
July 20-31, No 30- Dec 11, 2020
Sept 07-18, Nov 09-20, 2020
Related Courses
Course Name
Dates
Action
AUDITING, FORENSICS AND FRAUD EXAMINATION PROGRAMS
VALUE FOR MONEY AUDIT
In the recent economic climate, the need to make best use of scarce resources in the provision of services has never been more pressing. Internal and external auditors play a crucial role in establishing whether Value for Money is being achieved and waste and extravagance minimized. This practical course will give participants guidance on discharging such responsibilities and will enhance their knowledge and skills by showing how to conduct a variety of value for money audits and reviews, taking participants through assignments step by step.
-
-
-
-
-
COMBINED ASSURANCE & RISK REPORTING
A combined assurance model effectively co-ordinates the efforts of management and internal and external assurance providers, increases their collaboration and develops a shared and more holistic view of the organisation’s risk profile.
The essence of combined assurance is effective co-ordination and collaboration between management and internal as well as external assurance providers to ensure that risks are well managed so that organisations can achieve their objectives. This training seeks to look at the role and contribution that effective risk management plays in ensuring the effectiveness of a combined assurance model and provide guidance on how to develop a model that is truly risk-based.
-
-
-
-
-
FORENSIC & INVESTIGATIVE AUDITING
While auditors may not need to have the same expertise of a person whose primary role is to detect and investigate fraud, they are expected to have sufficient knowledge to evaluate the risk of fraud and the manner in which it is managed by the organisation. At times, the auditors may also need to pursue further on red flags and resolve allegations of fraud with evidence. Hence, a certain level of understanding and skills on forensic auditing will assist auditors to discharge their responsibility in this area. The purpose of this course is to provide the necessary skill sets to gather the proper audit evidence to prove existence or nonexistence of frauds. It takes years to get years’ experience. Take a shortcut by learning from those who already have it.
-
-
-
-
COMPUTER FORENSICS & CRIMINAL INVESTIGATION
Computer forensics can be essential in convicting fraudsters who use technology to facilitate crime. Battles between corporations, governments, and countries are no longer fought using physical force. Cyber wars started years back and the consequences can be seen in everyday life. With the onset of sophisticated cyber-attacks, the need for advanced cyber security and investigation training is a necessity in the present day. No doubt, organisations require in-house ability to identify, track, and prove culpability of the cybercriminals, who snoop into their information systems. This course will help you to excel in digital evidence gathering, handling and analysis in a forensically sound manner. Acceptable in a court of law, these skills will lead to successful prosecutions in various types of security incidents such as data breaches, corporate espionage, insider threats and other intricate cases involving computer systems.
-
-
-
-
ETHICAL HACKING AND PENETRATION TESTING: HANDS- ON
This course takes delegates on a journey through the various stages of a hacking attack, or equally a penetration test, from initial information discovery and target scanning through to exploitation, privilege escalation and retaining access.
-
-
-
-
INTERNAL CONTROLS AND FRAUD PREVENTION
Course Description:
According to Dr. Donald Cressey, Fraud is only possible where there is opportunity, financial pressure and ability to rationalize fraudulent behavior. Opportunity is often provided by laxity in the internal control system. Attend this course and learn how to reduce fraud risk by developing and use of an all-round internal control systems.
-
-
-
-
-
FINANCIAL INSTITUTIONS FRAUD: THE LATEST COUNTERMEASURES
Unscrupulous and fraudulent practices cost banks billions of shillings each year. In simpler times, bank robberies were just about the only security threat that banks faced. Operational losses attributed to fraud, specifically debit and payment channel fraud are changing right in front of our eyes, and at a pace that threaten both your accounts and the reputational integrity of your financial institution. Now, bank staff and security personnel must contend with a litany of new fraud issues.
Introduction
This Anti-Money Laundering (AML) Compliance Masterclass is designed to develop the essential skills necessary to enable you to understand how to support your company in Anti-Money Laundering and countering terrorist finance and how to prevent, detect, and report money laundering activities.
This training course covers regulatory environment and focus on the importance of Know your Customer (KYC), the importance of Customer Due Diligence (CDD), sanctions monitoring and the role of the Money Laundering Reporting Officer in practical terms. You will learn about studying the AML risks involved in emerging industry sectors. This is an intensive and highly practical training program qualifying you to become proficient in the Anti-Money Laundering process and the laws that make it a crime.
-
-
-
-
BEST PRACTICES IN MANAGING THE INTERNAL FRAUD RISK
Fraud has become highly sophisticated that corporate capacity to contain it is increasingly becoming unavailable.
There are latent fraud risks in your organization that ought to be unearthed; risks that would keep the “shareholders†up at night if they ever found out. And, as has become all too evident in recent years, a single fraud can wipe out years of profit, drive away clients/ investors, ruin a brand, or bankrupt even the largest organisation.
-
-
-
-
-
HOW FRAUDSTERS FOOL AUDITORS & HR MANAGERS
Fraudsters who have the craftiness to slip through the cracks at the hiring stage may also be adept at helping auditors fail to uncover the occupational frauds they commit.
Your own trusted staff may inflate costs, obtain kickbacks, hide money, manipulate accounts, inflate revenue and conspire with outside unscrupulous fraudsters to cheat the organisation.
This course is intended to alert human resource personnel (the first line of defense), panelists and auditors on the technical and interpersonal aspects of white-collar crime that escape detection by corporate “watchdogsâ€.
-
-
-
-
-
ADVANCED FRAUD EXAMINATION METHODS
The daily news has become a roundup of fraud & corruption stories. Every time you turn around, there is a new embezzlement case rocking governments, organisations, and entrepreneurs. Are economic conditions causing more people to turn to fraud as a means to pay their bills or enhance their lifestyles? How can we fight back? Virtually every entity suffers fraud, though they may not know it. Corporate shrinkages, corporate collapse, job loss, incarceration, compromised welfare and safety hazards are just some of the problems that are increasing at a disturbing rate as a result of fraud and corruption.
This training provides an in-depth understanding of Fraud Prevention and Deterrence; Fraudulent Financial Transactions; Fraud Investigation and legal issues relating to fraud. It provides the understanding and the tools you need to prevent, detect and investigate fraud in your workplace as well as help your organizations save money.
-
-
-
-
-
FINANCIAL STATEMENT FRAUD
The complexity of financial statement fraud has received considerable attention over the past few years and will continue to cause concern.
This course is designed for those who regularly review and evaluate financial statements. Auditors, both internal and independent, will benefit from an enhanced understanding of what the numbers mean and the increased ability to detect indicators of fraud.
This instructor-led course also discusses what the professional responsibilities of the financial professional are in relation to the accuracy of statements, especially in light of new legislation and revised fraud standards.
