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Risk Reporting Training - 7 November 2016
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This one-day training course investigates the design and implementation of risk reporting arrangements as part of an effective risk management framework. It provides a critical perspective on a range of different risk reporting tools and methodological perspectives.

2016/11/07
When: 2016/11/07
08:00 AM
Where: IRMSA Training Centre
144 Katherine Street, Grayston Ridge Office Park
Block A, First Floor, IRMSA, Sandton
Johannesburg, Gauteng  2196
South Africa
Presenter: Everhard Carstens
Contact: Letticia Ndhlala
011 555 1800


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Presenter/s: Everhard Carstens 
Duration: 1 Day
Fees
ex VAT
Member:
R3 500.00
Non-Member:
R3 800.00


Course Outline:

The Demand For Risk Reporting

  • Objectives of Reporting
  • Growing Demand

Risk Reporting Challenges

Five main reasons why usefulness of risk reporting is doubted

Experience Of Risk Reporting
Requirements For Risk Disclosures

  • US
  • EU
  • Germany
  • UK
  • Basel II Accord
  • IFRS
  • King III

    Risk reporting challenges
  • Inherent unreliability
  • Costs exceed perceived benefits
  • Generic disclosures 
  • Risk management reporting difficulties
  • Risks that will never be reported.
  • Inevitable limitations
  • Users’ responses to risk information
  • Realistic expectations

    Risk reporting tools and techniques
  • Options for risk reporting
  • Strengths and weaknesses of different approaches
  • Choosing the 'right' reporting tool for different risk categories

    The way forward
  • Seven Principles for Better Risk Reporting
  • Better risk reporting
  • Tell users what they need to know
  • Focus on quantitative information
  • Integrate into other disclosures
  • Think beyond the annual reporting cycle
  • Keep lists of principal risks short
  • highlight current concerns
  • Report on risk experience

Who should attend?

This Risk Management training course is suitable for who has risk management, monitoring or reporting responsibilities, particularly those who are new to the area or seeking a refresher of the fundamental principles and approaches.

About the presenter

Everhard built up extensive experience in internal auditing, risk management and corporate governance over the past fifteen years.  He is one of the Founding members and is a Director of Crest Advisory Africa (Pty) Ltd, an independent corporate governance, risk management and internal audit consultancy. He is responsible for value adding services for a range of clients across various industries. 

Everhard is continuously involved in establishing, enhancing and reviewing risk management structures high level corporate clients.  He is an experienced facilitator and has facilitated numerous control- and risk assessment workshops as part of risk management exercises. Everhard is actively involved in presenting training seminars for the Institute of Internal Auditors, the South African Institute of Government Auditors (SAIGA), the University of Pretoria and Tshwane University of Technology and shares his knowledge in practical and participative workshops and training seminars. Everhard is a Certified Internal Auditor, Certified Information Systems Auditor and Certified Risk Management Assurance provider.  He is a full member of the Institute of Internal Auditors, Institute of Risk Managers and South African Institute for Chartered Accountants.













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