INTRICATE CONNEXION CONSULTANCY SERVICES & TRAINING

UAE-DUBAI AND JOHANNESBURG –SOUTH AFRICA

Risk based Internal Auditing & Compliance management

Course Introductions:

Risk Based Internal Auditing (RBIA) is defined by the Institute of Internal Auditors (IIA) as “a methodology that links internal auditing to an
organization’s overall risk management framework”. RBIA allows internal audit to provide assurance to the bank’s/ organization’s board that various
risk management processes are managing risks effectively, in relation to the risk appetite of the bank/ organization.
However every organization is different with different attitudes to risk, different management and organizational structures, different processes and
procedures, and the need to subscribe to and comply with diverse conventions and regulations. Experienced internal auditors need to adapt these ideas
to the structures, processes and language of their organization in order to implement RBIA.
Implemented correctly, RBIA offers tremendous advantages to the organization. RBIA allows internal audit to provide the Board of Directors with the
assurance that it needs.
.

Who should attend?

Risk managers, compliance officers, internal auditors, company secretaries, anyone responsible for risk management and/or compliance

Course Objectives:

This course positions compliance within the overall context of risk management and clarifies the relationship between compliance and other types of
risk management. It provides clarity on how to approach combined assurance efficiently and effectively and includes a brief overview of the current
topical legislation (internationally and locally).

Course Outline:
Risk Based Audit
 components of the Risk-Based Internal Audit Framework
 Develop a truly risk-based internal audit plan
 implement of Risk Based Audit at your internal audit activity

Introduction to Risk Management

 Risk Management Best Practice
  Compliance, legal risk and Risk Management defined
Governance of Compliance
 The three lines of defence model (roles and responsibilities, where do compliance and risk management ‘fit in’)
 Integration of Compliance and Risk Management
 Culture (‘tone at the top’, enforcement and discipline)
 comparison between Compliance and Risk Management
 Compliance methodology (risk identification, measurement, management, monitoring, reporting, Key risk indicators)
 Similarities with Risk Management
Combined Assurance
 Integrating Risk Management, Compliance, Internal Audit and other assurance providers

 Moving from a cost centre to a value adding centre

 How to ensure Compliance and Risk Management add value to the organization.

Who should attend?

Risk managers, compliance officers, internal auditors, company secretaries, anyone responsible for risk management and/or compliance

Approach to Training
The course will use a mix of Presentations, discussions and case studies. Field trips will be organized for the participants to interact and draw
experience from other professionals in the industry.