Effective Controls in Corporate Governance
2-Days Live-Online, Practical and Interactive Workshop
With today’s rapidly evolving business landscape, a company’s objectives can be more easily achieved by establishing and maintaining robust controls to safeguard its assets, mitigating operational, financial, compliance and other risks, and forming a process comprising ongoing tasks and activities, effected by people at every level of the organisation.
Participants will be equipped with the necessary practical skills to identify and enhance controls within their company and participate in their organization’s success.
Throughout the training course, participants will be engaged in interactive discussions, practice case studies, hands-on exercises and apply control concepts in real-world scenarios.
- Senior and Middle-level Managers and Officers of all departments
- Compliance Officers
- Internal Auditors
- Risk Managers
Objectives
By the end of the course, participants will be equipped with the practical knowledge and skills necessary to identify, assess, design, implement, monitor, and continuously improve controls within their company, thereby enhancing resilience and enabling sustainable growth and change.
The course provides valuable insights, tools, and strategies to enhance controls, mitigate risks, and ensure the achievement of organizational objectives.
Day 1:
Overview of Controls Environment: Management Responsibility and Control; Categories of Management Responsibility; Control Objectives; Internal Audit Function’s role in ensuring that controls are applied and followed in practice;
Practicing real life examples through discussion groups on best practices of Corporate Governance and Controls.
Risk Assessment and Control Activities: Application of Risk Management techniques; Practical design of control structure; Role of Management Objectives in controls; How to resolve the conflicts between operating Objectives Vs. control; Influence of Objectives; Cost / Benefit Objectives;
Real life Case Studies practicing contents of the risk register.
Designing and Implementing Controls: Practical application of the types and categories of internal controls; Managing in practice Administrative Vs. Accounting Controls; Categories of Internal Controls; Real life examples of fraud red flag indicators; Fraud Controls in practice; Contents and strategies of a Business Recovery Plan; Responsibilities of the Compliance Function and Compliance Officer;
Case studies for applying in practice effective and successful back up strategies as part of the Business Recovery Plan.
Day 2
Methods of Internal Controls: Application of Controls for Safeguarding of Assets; Organisational and Operational Controls; Personnel Controls; Applying the types of controls for Periodic Review; Facilities and Equipment controls; Managing Conflicts of Interest in the application of controls;
Analysing real-world case studies to identify control issues and solutions.
Case Studies and Group Exercises: Group exercises to formulate controls in practice for various activities of a company – sales, purchases, accounts receivables, accounts payables, production, tangible non-current assets, personnel and payroll.
Marios Timinis - Experienced Chief Financial Officer with a demonstrated history of working in various industries including the financial services industry.
Participants of this two-day workshop will receive 15 CPD (Continuous Professional Development) credit hours.
Our training course meets the requirements of international professional bodies (ACCA, IIA) for the continuing education of their members.
