Compliance Training - 18 August
This course provides an introduction to compliance, best practice in terms of governance of the compliance function, a comparison between compliance and risk management, combined assurance, the role players and how to achieve value for stakeholders (moving from being a grudge purchase to a value adding function). The day ends with a look at the latest developments on the regulatory front from an international and local perspective, and what it means for businesses.
Who should attend?
Risk managers, compliance officers, internal auditors, company secretaries, anyone responsible for risk management and/or compliance
Benefits of attending:
This course positions compliance within the overall context of risk management and clarifies the relationship between compliance and other types of risk management. It provides clarity on how to approach combined assurance efficiently and effectively and includes a brief overview of the current topical legislation (internationally and locally).
Introduction to Compliance
• Compliance, legal risk and Risk Management defined
Governance of Compliance
• The three lines of defence model (roles and responsibilities, where do compliance and risk management ‘fit in’)
• Are Compliance and Risk Management separate disciplines?
• Culture (‘tone at the top’, enforcement and discipline, ect.)
A comparison between Compliance and Risk Management
• Compliance methodology (risk identification, measurement, management, monitoring, reporting, Key risk indicators)
• Similarities with Risk Management
• Integrating Risk Management, Compliance, Internal Audit and other assurance providers
Moving from a cost centre to a value adding centre
• How do / can Compliance and Risk Management add value to the organisation?
Some ‘real’ compliance stuff
• International developments (SOX, FCPA, FATCA, UKB)
• Local developments (POPI, CPA, other)
Aligned to the COP, Occupational Qualifications, international standards and best practice frameworks