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Risk Based Combined Assurance Training - 14 July 2015
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To equip Risk Practitioners and Assurance Providers with tools that will help them develop a risk based combined assurance model or enhance an existing one to ensure that risk management is able position to make an effective contribution to the achievement of organisational goals.

2015/07/14
When: 2015/07/14
07:30 AM
Where: IRMSA Training Centre
144 Katherine Street
Grayston Ridge Office Park, Block A, First Floor
Johannessburg, Gauteng  2196
South Africa
Presenter: Zanorashe Bwakura
Contact: Kobus de Wet
011 555 1800


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Introduction

To equip Risk Practitioners and Assurance Providers with tools that will help them develop a risk based combined assurance model or enhance an existing one to ensure that risk management is able position to make an effective contribution to the achievement of organisational goals.

Who should attend?

Chief Risk Officers, Risk Managers, Risk Champions, Board Audit Committee and Board Risk Committee Members, Executive Risk
Management. All participants in the organisational assurance processes including risk practitioners.

Course outline

Combined Assurance has been a buzz term in the assurance fraternity since King III. While some organisations have come to terms with it and established clearly defined combined assurances processes there are still a significant number that have either not begun or are navigating their way towards what may be considered best practice in their industry. The essence of combined assurance is effective co-ordination and collaboration between management and internal as well as external assurance providers to ensure that risks are well managed so that organisations can achieve their objectives. This training seeks to look at the role and contribution that effective risk management plays in ensuring the effectiveness of a combined
assurance model and provide guidance on how to develop a model that is truly risk-based.

 

One day course agenda

Part 1 - Introduction

• Background and Intent of Combined Assurance
• The Business Case for Combined Assurance
• Essential Elements/ Success Factors
• Key Players and their Roles

Part 2 – The Role that Risk Management Plays

• Define risk-management pre-requisites
• How to enhance risk-management contribution

Part 3 – Designing the Model

• Define Objectives
• Conduct a GAP analysis – understand and map current state
• Mapping Risk Information (how much/ how little)
• Model Design
• Embedding into the day-to-day

Part 4 – Case Studies

• Interrogation of success stories in private and public entities
• Delineation of Success Factors

Part 5 – Conclusion

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