Auditing Corporate Governance

Why select this training course?

The role of corporate governance in any organization cannot be overemphasized; it ensures that an organization stays on track in achieving its objectives. However, as important as this governance is to the organization, it must be constantly audited to ensure the mechanism serves its intended purpose.

Corporate governance encompasses much more than a framework. Corporate governance includes several disciplines: risk management, control management, compliance, and internal audit. These domains are implemented to guarantee that the organization runs sustainably and responsibly while seeking innovative solutions. This is why Rcademy has developed this compelling course to help personnel audit their governance process.

What is auditing in corporate governance?

Auditing in Corporate Governance refers to ensuring a company’s effective compliance with all known applicable laws, policies, rules, regulations, and processes to remain in service to its stakeholders.

What are the pillars of corporate governance? 

Corporate governance’s pillars are intertwined with auditing’s purpose and role in corporate governance. The pillars are leadership, fairness, transparency, acceptability and stakeholder management.

The Auditing Corporate Governance Training Course by Rcademy aims to empower its participants to acquire the knowledge necessary to effectively fulfill corporate governance audit obligations.

Who should attend?

Although the Auditing Corporate Governance Training Course by Rcademy is relatable to a wide range of individuals, it is specially designed for the following set of people:

• Audit Managers and those on the verge of assuming the position of auditors
• Lead Auditors who are responsible for leading the central auditing of an organization
• Auditor-generals, often referred to as senior auditors on a project
• Internal auditors are responsible for keeping the organization in check in terms of risk and compliance

• Assurance providers require a better grasp of corporate governance to discharge their services effectively

• Managers in need of a more comprehensive grasp of how to conduct governance maturity assessments
• Board members and management are responsible for directing the affairs of an organization
• Risk managers that carry out risk identification and management
• Compliance managers responsible for the legal and ethical standards of an organization’s operation

What are the course objectives?

The Auditing Corporate Governance Training Course by Rcademy aims to achieve the following objectives for participants at the end of the training:

• Learn how to conduct a risk management audit
• Learn how to conduct a reputation and brand audit
• Understand the stakeholder expectations in terms of corporate governance
• Evaluate the efficacy of business continuity planning
• Enable the audit committee to carry out its Corporate Governance responsibilities
• Evaluate environmental sustainability and governance
• Examine the audit committee’s procedure, especially those relating to code of governance challenges
• Evaluate the organization’s strategic approach and guidance on regulatory compliance
• Assess the efficacy of interactions with special interest groups and stakeholders

How will this course be presented?

This training course is a professional, top-notch course that deserves to be taught in the best way possible to enable all participants to get the best value. Therefore, participants of this course are not expected to have prior experience as this training sweeps through foundational knowledge of auditing and corporate governance while building on this knowledge for more advanced practices.

Rcademy training course ensures that the course is presented in a usable form by delivering the course with the help of experts and professionals with years of experience. The course covers a wide range of topics necessary to equip and strengthen the capacity of participants. Participants can learn with hands-on experience and case studies; examples relatable to the learners are employed during the course.

What are the topics covered in this course?

Module 1: Fundamentals of Corporate Governance   

• Overview of Corporate Governance
• Governance structure
  – Management oversight
  – Transparency and disclosure
  – Company strategy
  – Stakeholders’ right
• Best Practices of Corporate Governance
  – Principles
  – Integration
  – Responsibilities

Module 2: Fundamentals of Risk Management 

• Introduction to risk management
  – Concepts of risks
• Risk management process
  – Risk identification
  – Risk categorization
  – Risk assessment
  – Risk treatment – Acceptance, avoidance, transfer, mitigation
  – Risk indicators
• Risk management tools
  – Risk register
  –  Risk dashboard
  – Risk management methods
• Credit risk management
  – Introduction
  – Credit portfolio strategy
  – Credit risk identification and rating
  – Credit risk measurement
  – Credit risk monitoring and control
  – Reporting

Module 3: Implementation of Internal Controls

• Introduction to internal control system
  – Overview
  – Definition
• Internal control framework
  – Preventive control
  – Defective control
  – Manual control
  – Automatic control
• Control design adequacy
  – Rationalisation
  – Effectiveness
• Control self-assessment
• Control indicators

Module 4: Enterprise Risk Management (ERM)

• Overview of enterprise risk management
  – ERM and traditional risk management
• ERM program design and implementation
  – Function
  – Architecture and components
  – Activities and timeline
  – Challenges
  – Program review
• Risk strategy
  – Effect
  – Opportunity trade-offs
• Risk appetite
  – Tolerance level
• Risk governance
  – Accountability
  – Operating structure
  – Operational roles
• Risk culture
  – Risk culture maturity
  – Risk activities
  – Risk awareness
• Risk communication

Module 5: Compliance Function    

• Introduction to the compliance function
  – Identifying responsible parties
  – Responsibilities of function
  – Compliance function and internal audit
  – Defence model
• Compliance function framework
  – Status of compliance
  – Future needs
  – Compliance framework charter
  – Key obligation register
  – Compliance assurance methodology
  – Policies and procedures
• Compliance assurance

Module 6: Internal Audit 

• Overview of auditing
• Fundamentals of internal audit
  – Introduction
  – Steps and techniques
  – Skill evaluation
  – Inquiry
  – Observation
  – Examination
  – Reperformance
• Advanced internal audit
  – Introduction
  – Advanced techniques
  – Collation
  – Review
  – Sampling
  – Findings
  – Writing and reporting
• Internal audit manager
  – Introduction
  – Audit planning
  – Audit program
  – Audit outcome
  – Audit findings
  – Remediation
  – Closing
• The function of the audit head
  – Overview
  – Authority matrix
  – Assurance reporting
  – Internal audit charter
  – Audit universe

Module 7: Audit Committee  

• Overview
  – Composition
  – Function
• Audit committee role
  – Corporate Governance strengthening
  – Authority
  – Oversight of financial reporting
  – Ethics
• Audit risk committee

Module 8: Corporate Social Responsibility (CSR) 

• Concept of CSR
  – Constitution of CSR
  – Importance
  – Responsibility
• Effect and Implications of CSR
• Audit framework
• Organization reputation

Module 9: Auditing Technology-Inclined Governance  

• Overview of technology-inclined governance
  – Technology dependencies
• End-user computing
• Monitoring and control
• Security and access