Static audit programs no longer fit today's complex, changing risk and compliance environment. Professionals need to assess each business process with a risk-based approach and document risks and controls for every engagement. This 90-minute risk and control matrix training shows how.
You'll learn what information and supporting documents the matrix needs, including the process narrative and process flow diagram, the elements a matrix contains, and the steps to prepare it. The session also covers what a finished matrix delivers and what happens next.
Along the way, you'll review internal control objectives, components and frameworks, and how to design controls and evaluate their effectiveness.
WHY SHOULD YOU ATTEND?
Whether you're planning a SOX engagement, an internal audit, a regulatory compliance review or another evaluation, it can be hard to know where to start and how to document risks and controls.
This webinar is designed to give newer risk and compliance professionals that skill. It also suits internal and external auditors, compliance, finance and operational risk professionals, board and audit committee members and departmental managers.
AREA COVERED
- Information needed to prepare the risk and control matrix
- Supporting documents: the process narrative and process flow diagram
- Elements of a risk and control matrix
- The process for preparing the matrix
- The outcome of a completed matrix
- Next steps after the matrix is complete
LEARNING OBJECTIVES
- Describe the objectives, components and requirements of effective internal controls
- Use internal control frameworks to build a risk and control matrix
- Develop risk identification and management strategies you can apply now
- Design internal controls
- Evaluate the design and operating effectiveness of internal controls
- Prepare a process narrative and flow diagram to support the matrix
WHO WILL BENEFIT?
- Beginner Internal Auditors
- Compliance professionals
- Operational risk professionals
- Finance professionals
- Board members
- Internal auditors
- External auditors
- Audit committee members
- Operational risk managers
- Departmental managers
Whether you're planning a SOX engagement, an internal audit, a regulatory compliance review or another evaluation, it can be hard to know where to start and how to document risks and controls.
This webinar is designed to give newer risk and compliance professionals that skill. It also suits internal and external auditors, compliance, finance and operational risk professionals, board and audit committee members and departmental managers.
- Information needed to prepare the risk and control matrix
- Supporting documents: the process narrative and process flow diagram
- Elements of a risk and control matrix
- The process for preparing the matrix
- The outcome of a completed matrix
- Next steps after the matrix is complete
- Describe the objectives, components and requirements of effective internal controls
- Use internal control frameworks to build a risk and control matrix
- Develop risk identification and management strategies you can apply now
- Design internal controls
- Evaluate the design and operating effectiveness of internal controls
- Prepare a process narrative and flow diagram to support the matrix
- Beginner Internal Auditors
- Compliance professionals
- Operational risk professionals
- Finance professionals
- Board members
- Internal auditors
- External auditors
- Audit committee members
- Operational risk managers
- Departmental managers