Risk Compliance, Control & Auditing - Auditing risk controls in management systems

29 - 30 Jul 2020Cliftons, Wellington$2099 + GST
18 - 19 Aug 2020Cliftons, Auckland$2099 + GST
25 - 26 Nov 2020Cliftons, Wellington$2099 + GST
Event Details

Overview of compliance management and generic risks

  • Introduction to case studies and generic risks
  • The value of compliance management
  • Different compliance management models


Compliance-related risk: definition and naming

  • Implications for different stakeholders
  • Uncertainty and chance
  • Compliance-related risks and organisational objectives
  • Compliance principles 
  • Integration into the risk management framework
  • Naming of compliance-related risks as a risk description: sources, events, causes and consequences


Risk regulations and standards

  • Current risk standards and risk related regulations for compliance 
  • Emerging regulations and recent changes to regulations
  • ISO 18386 update


Framework for managing compliance-related risk

  • Principles for management of compliance-related risk
  • Exercise to identify and report on governance requirements
  • Typical content of a framework for management of compliance-related risk
  • Risk criteria, appetite, profile and indicators
  • Designing a compliance management framework to avoid significant or frequent violations or non-compliance
  • Implementation planning 
  • Issues to address


Integrating compliance and management systems

  • How to ensure that your risk management processes are working effectively
  • Integrating compliance framework into organisational processes 
  • Examples from industries and sectors


Process for managing compliance

  • Legislation, regulations, standards, industry codes, enforceable undertakings, in-house codes, distinctions
  • Systems and processes to ensure compliance
  • Assigning accountability for compliance issues
  • Matching compliance risk assessment techniques to the context, and the needs of decision-makers, including regulatory agencies
  • Risk assurance for compliance issues and internal risk audit


Risk based internal auditing

  • Understanding the fundamental objective of risk-based internal auditing
  • Common pitfalls in systems for measuring risks
  • Steps in a risk based audit review
  • Which internal controls to have in place
  • Ensuring a strong link between internal audit and risk
  • Audit reporting and implementing recommendations


Risk reporting

  • Governance requirements
  • Tools and techniques
  • Measures for effectiveness
  • Reporting to different stakeholders including internal reports, reports for the board and shareholders and government reports


Ensuring continuous improvement and focus

  • Maintaining the focus on business objectives
  • Iterative methods for continuous management of compliance related risks
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