The purpose of this training is to provide Audit and Risk Committee members as well as other stakeholders with knowledge regarding risk focus areas. This will facilitate effective and efficient deliberations regarding individual risks as well as the risk management process at governance meetings.
In order to continuously improve the organisation’s management of risk management the following are required:
- An understanding of what the organisation’s risk management capabilities look like;
- Background knowledge of current risk management to suggest which improvements are necessary; and
- What should reporting look like to enhance risk management decision making?
Audit and Audit-and-Risk Committee members should focus their discussions on key areas including the management of individual key risks and the risk management. It is essential to understand these key areas from a broader perspective. An embedded risk management process enables organisations achieve their vision/strategies. However, this requires members of oversight committees to altar from one of pure compliance to a business focus.
The course will cover the key points in the strategic risk management process (Commitment, Communication, Organisational structure and Improvement). The day-to-day processes including Communication and Consultation, Context, Risk identification, Risk Analysis, Risk Evaluation, Risk Treatment and Monitoring in the risk management process will also be explained.
Three dots on the radar should be risk management’s involvement in the past, the present and the future of an organisation’s business.
Attending this Audit and Audit-and-Risk Committee Training will provide delegates with a broader view of risk management elements that should be on their radar when deliberating risk at oversight meetings.
Who should attend?
Board Audit Committee and Board Risk Committee Members, Executive Risk Management Committee Members, Chief Risk Officers, Risk Champions, Business Executives responsible for creating business value and Project Managers who want to improve their risk management capability.
About the Presenter
Ernst Snyman (B Compt Hons, CIA CCSA and CRMA) is a Senior Consultant at Mondial Consultants, providing consulting services on:
- Risk Management
- Business Continuity Management
- Internal Audit
- Risk Solutions
He sits on, advises and reports to Audit and Risk Committees. He completed his articles of clerkship and gained experience as senior manager at a big four audit firm. He is involved in the development and implementation of Risk Solutions and was a financial manager. He is a member of IRMSA and of the IIA.