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2019/02/06 » 2019/02/07
Risk Framework - 6 & 7 February 2019

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Risk Based Combined Assurance - 12 February 2019

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Risk Based Decision for the Board - 19 February 2019

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Integrating Strategy, Governance and Risk - 21 & 22 February 2019

Risk Reporting - 22 October 2018 DBN
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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.

2018/10/22
When: 8:00 AM
Where: Durban ICC
Inkosi Albert Luthuli ICC Complex
45 Bram Fischer Rd
Durban, Kwazulu Natal  4001
South Africa
Presenter: Everhard Carstens
Contact: Nthabiseng
011 555 1800


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Presenter/s

Course Duration


Price:

Member

Non - Member

Everhard Carstens 

1 Day



R 3 959.00 ex VAT

R 4 280.00 ex VAT

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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