This course will summarise key risk management concepts and look at what internal audit could and should consider in a review of this subject in an interactive and participative style.
Many organisations have been undertaking formal risk management for years. Others are still relatively immature in their approach and practices. Whatever their maturity and the perceived effectiveness of their risk management practices, organisations regularly fall foul of risk. Significant failures occur, reputation suffers, and the impact of poor risk management can have dramatic consequences.
This course will summarise key risk management concepts and look at what internal audit could and should consider in a review of this subject in an interactive and participative style. It will improve your ability to provide effective, professional insight and internal audit assurance over this most critical activity.
Who should attend?
This course is open to all. And it will be relevant and insightful for all – whether chief audit executive, risk management professional or new internal auditor. It is of most relevance to those about to embark upon an internal audit of risk management or of the function that leads on this activity in your organisation. It will also be valuable for those who manage audits in this area or for those wishing to stay up to date with topical developments in this field.
Course programme
This course will take you through the following learning steps:
- the purpose and objectives of risk management
- the benefits of effective risk management and common challenges
- the components and dimensions of good practice risk management
- identifying and assessing risk and appropriate mitigation associated with this subject – what can go wrong and why
- A tried and tested approach to auditing risk management effectively
- risk management trends and topical considerations
- how to deliver value adding internal audit assurance over risk management.
The course includes facilitator input, short practical discussions and a number of task-based exercises to reinforce the methods you have learned and build upon existing knowledge.
IIA CPE competency areas covered
- Enterprise Risk Management
- Audit Methodologies
- Reporting Results
CPE
You will receive 7 CPE’s for CIA, CRMA and Diplomert internrevisor to join the training.
Tutor Biography
John Chesshire, CFIIA, QIAL, CRMA, CIA, CISA, has over 26 years’ experience working in the internal audit, risk management, business improvement and governance fields. John is a Fellow of the Chartered Institute of Internal Auditors (CIIA) in the UK, an Independent Internal Audit Committee Chair, a member of three other Audit Committees in the international charity, defence and local government sectors, He was Chief Assurance Officer for the States of Guernsey until the start of 2021. John continues to be a practising internal auditor and currently works in a part time capacity as the internal auditor for an international credit ratings agency. Amongst his many other roles.
He has delivered numerous well-received courses for the CIIA, as well as to many other global Institutes of Internal Auditors. His other recent clients include FTSE listed companies, multinationals, financial services, central and local government, law enforcement, charities, professional services companies, and international organisations such as NATO, the OECD, the ACCA, and UN Agencies. He is the Chief Examiner, Chief Chartered by Experience Assessor and EQA reviewer for the CIIA and has been a visiting lecturer in the Governance and Assurance Hub at Birmingham City University.
John loves internal audit, is an enthusiastic advocate for the internal audit profession, and particularly enjoys working in new and emerging areas of assurance interest.