During this week you will look at risk management processes that really work. You will develop practical audit and assurance plans that have credibility and buyin from senior stakeholders and that maximize the added value contribution of internal audit.
Part 1: Developing an Annual Audit Plan
This workshop will look at the process of developing an annual audit/assurance plan and give attendees an ability to present clearly and persuasively to key stakeholders what Internal Audit should do to provide the maximum value-add to the organisation. It will explain how you can use audit and assurance planning as an invaluable opportunity to build and strengthen relationships with key stakeholders (senior managers and the audit committee)
Over two days you will:
- Who should be consulted – including whether there is a risk you are consulting too widely?
- Best practice ways of linking the IA plan to key risk areas, whilst delivering core assurance areas
- How to factor in value and value add into the planning process
- How to address differences between senior management and the Audit Committee in relation to what they would like internal audit to do
- Best practices around longer term planning horizons, the annual plan and ad hoc audit work
- Ways to use the planning process as a way of deepening the relationship between the head of audit and senior stakeholders
Part 2: Enterprise Risk Management
This highly interactive three-day course explores how internal auditors, risk managers, directors and senior managers can act as a catalyst for good risk management and can assist in embedding it and improving its effectiveness. You will learn how they can add value at each stage of the risk management process - from risk identification to monitoring and reporting
Over three days you will:
- Understand Enterprise Risk Management (ERM) and how to implement it
- Know how to assess the risk management capability and maturity of your business
- Be able to stimulate improvement at each stage of the risk management process
- Learn how to balance both threats and opportunities to maximise value to the business
- Discover how to raise risk awareness and embed risk management thinking and practice
- Explore what is meant by ‘risk appetite’ and how to determine and communicate it
- Clarify the boundaries between the roles of internal audit and risk management
- Understand new and emerging risks – and how you can contribute
- Gain insights into emerging best practice on managing and reporting risks
James Paterson: (Part 1- Developing an Annual Audit Plan)
James has over 19 years experience across a range of finance and audit roles and was formerly the Chief Internal Auditor at AstraZeneca. James consults on a range of topics especially Head of Internal Audit induction, IA planning and assurance mapping. James is also a regular keynote speaker on audit and risk issues across the globe; speaking at the Global IIA Conference in Malaysia, the SOPAC conference in Australia and in Canada, the US and Far East.
Jenny Rayner: (Part 2- Enterprise Risk Management)
Jenny is a former Chief Internal Auditor for ICI and author of Managing Reputational Risk: Curbing threats, leveraging opportunities. Jenny writes and lectures on internal auditing, risk management, corporate governance and reputation. She is a member of the Institute of Risk Management and has chaired the North West District Committee of the IIA UK and Ireland.
Methodology: The training week is extremely interactive with case studies and real life examples used throughout.Delegates will have the opportunity to network and share experiences with other senior professionals