Canada
Saudi Arabia
Application of Governance, Internal Audit, and Compliance Risk Management
The program aims to qualify and enhance the efficiency of individuals occupying positions in governance, risk management, compliance, and internal auditing across various types of organizations, in accordance with international standards. This will reflect in improved performance and operational efficiency of the concerned organizations.
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By the end of this program, the participants will be able to:
• Understand the concept of corporate governance, its importance, and its benefits.
• Learn the principles and rules of organizational governance.
• Identify the four main pillars of corporate governance.
• Recognize the added value of organizational governance.
• Understand the OECD principles of governance.
• Study the concept of risk management.
• Identify the components of a risk management framework.
• Learn about the elements of risk management.
• Develop the ability to assess risks.
• Differentiate between the types and classifications of risk management.
• Understand the methodology of risk management self-assessment.
• Learn about compliance monitoring.
• Understand the basics of business continuity management.
• Grasp the concept of internal auditing, its importance, and its purposes.
• Learn about the objectives of internal auditing.
• Distinguish between internal and external auditors.
• Define the tasks and responsibilities of the internal audit department in activating governance.
• Understand governance committees.
• Benefit from the experiences of other countries in corporate governance.
The concept of corporate governance. The importance of corporate governance. Objectives of corporate governance. Principles and rules of organizational governance. Advantages of corporate governance. The four main pillars of corporate governance. The added value of organizational governance.
Risk management. Components of a risk management framework. Elements of risk management. Steps in risk assessment. Types and classifications of risk management. Risk-based auditing. Risk management self-assessment methodology. Compliance monitoring.
Basics of business continuity management. The origin and evolution of internal auditing. Reasons for the emergence of internal auditing. Development of internal auditing. The concept of internal auditing. The importance of internal auditing. Purposes of internal auditing. Objectives of internal auditing. Internal auditor vs. external auditor. Tasks and responsibilities of the internal audit department in activating governance.
Considerations when forming committees. Types of board committees. Committee formation decisions. Nomination, compensation, and appointment committee. Duties of the audit committee. Formation of the audit committee. Responsibilities of audit committee members. The role of audit committees in supporting the implementation of organizational governance. Risk management committee. Corporate social responsibility.
The experience of the United Kingdom. The experience of the United States of America. The experience of France. Experiences of some Arab countries in corporate governance.
