Description
OBJECTIVES
Gain the skills necessary to review and improve your corporate governance structure.Learn how to analyze and promote your organization’s ethics program.Develop techniques to effectively assess your organization’s risk management activities
PROGRAMME DETAILS
Corporate Governance
- What is corporate governance?
- Objectives of corporate governance
- Corporate governance and strategy
- The institutional and legislative backgrounds
- The relationship between the board and management
- Shareholder rights and responsibilities
Monitoring
- The role of the internal audit
- Audit committee role/charters
- Tools for Board and audit committee self-assessment
- Corporate governance as an auditable risk area
- Managing relationships
- Positioning internal auditing in the organization
- Tracking and measuring governance
Communication
- Communicating the impact of social responsibility to:
- capital markets
- shareholders
- stakeholders
- Financial Regulation
- Accountancy practices
Legal, Regulatory and Standards
- IIA Standards
- Companies Act, PFMA, MFMA etc
- COSO Enterprise Risk Management
- Examine the emerging body of knowledge of the various proponents of corporate governance and how we might act in response
Enterprise Risk Management
- Organizational performance
- Internal auditing as a catalyst for ERM
Business Ethics
- Standards from Ethics professional organizations
- Codes of conduct, conflict of interest, ethics policies,
- Tone at the top, vision, and values – how to influence them
- Tools for assessing ethics
- Examine the impact on internal audit assurance and consulting services
Transparency
- Disclosure mechanisms
- Executive compensation
- Independence of Board
- The role of internal auditing in these sensitive issues
- Tools for assessing transparency
