Business risk has become of great organisational importance
due to the
impact of regulatory compliance across the world. The London
Stock
Exchange requires compliance with the principles brought about
by the
Turnbull report whilst Companies in the US must adhere to Sarbanes-
Oxley. Understandably our own government requires its departments
to
practice risk management and imposes the same requirement on
local
government offices even those organisations that are unlisted
or of charitable status can benefit from the principles of risk
management
training. Understandably not all companies face the same risks,
but an
understanding of the nature of risk and how risks can be identified
and
categorised will be useful to any organisation. The management
of the
risk is of equal importance and the course will identify what
techniques
are available. Early warning indicators and embedded monitoring
and
will be discussed and how they fit into the overall risk management
process. This course is designed to introduce its audience to
the
principles of risk in a practical and not overtly analytical
style though
further levels can be arranged with the course manager if required.
Programme
RISK- WHAT IS IT
• Risk and its development in Organisations
• The Probability of Occurrence
• What are the consequences
• Risk and apply it to business objectives
• Where the responsibilities begin
IDENTIFICATION OF RISK
• The types of risk – operational, financial, compliance,
safety, security
and environmental risks
• The identification of different risks
• Roles and responsibilities
MANAGING RISK
• Inherent risk
• Residual risk
• Retained risk
• Making decisions
• Mitigation
• Embedded monitoring
• Early warning indicators
• Roles and responsibilities
RISK REPORTING
• Collection of data
• The right format for the job
• What tools are out there?
• How often?
• Self risk reporting
• Maintaining objective assurance
• Roles and responsibilities
WHO SHOULD ATTEND
Managers, supervisors, graduate trainees, new recruits to internal
audit,
audit committee members, internal audit professionals, risk
managers –
anyone with a vested interest in the workings of risk management.
This is a two day workshop and will introduce delegates to software
survey tools to facilitate risk management.
This workshop and will introduce delegates to software survey
tools to
facilitate risk management
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