27 November, 2023.
01 December, 2023.
The Board of Directors has the ultimate responsibility for operations and processes involving risk management and control, but, managers with operational responsibility are charged with ensuring that the risk management, steering and control processes work according to the guidelines of the Board. This includes continuous evaluation of control methods, which should be identified, appropriate, effective and stable. Good risk management, steering and control requires clearly defined delegation of responsibilities and duties, as well as observance of the duality principle, which means that no one should handle a routine or oversee a case without control or supervision
- Identify those “high-risk” processes—and build control systems that mitigate the risk
- Develop control-based audit recommendations that truly help management meet tactical and strategic objectives
- Ensure that your company fully complies with the SEC Code of Corporate Governance on risk and internal control
- The internal audit environment and risk
- The principles of effective internal audits
- Developing achievable audit objectives
- Principles of internal and risk control
- The strengths and drawbacks of internal control systems
- Preparing complete audit work papers
- The impact of computers on the audit process
- Maintaining a positive audit environment
- Selling your audit recommendations to management
Recommending risk control and risk mitigants