The term compliance depicts the capacity to act as per the request, set of standards or requests. They are part of the Governance, Risk and Compliance (GRC) system which make sure that risks are under check. This course starts with an introduction to corporate governance and Enterprise Risk Management (ERM) and goes into the details of risk responses available to management.
The course then tackles controls at board and senior management level and into the business and reporting cycles. It will also cover controls in the purchase and payment cycle, HR and payroll cycle, inventory and production cycle, long term assets life cycle and at last sales and collection cycle.
Why this course
This course aims to equip participants with the understanding, requirements and working of compliance by using state-of-the-art tools and techniques.
In addition, the course discusses, information systems control, administrative and safety controls, financial reporting controls, physical controls and at last external reporting controls. Of course, they are all listed as examples and participants are encouraged to share with management the proper measures and controls for the risks at hand.
What to expect
To gear compliance professionals for changing regulatory environment
To gain information regarding fundamentals of complianc
To identify the risks that an organization can face and provide suggestions
To identify and formulate the controls that assist an organization to protect itself from the risks
To identify the efficiency of controls and give report to management for exposure
To resolve the issues of compliance
To suggest rules and controls in the business
What is the course schedule?
Compliance representatives, workers that have been given or seek to be given compliance duties, workers with administration obligation regarding compliance workers and any individual who wishes to gain comprehension of essential administrative compliance standards and how organizations can consent to them.
The training is going to be highly interactive combination of lectures, group discussions, questionnaires, individual reflections, role plays, simulations and videos.
The course will have a maximum of 12 people who will be selected based on the type of business they are in and their job role to ensure a thorough mix of industries, ideas and experience.