Description
Objectives
At the end of the course, participants will be able to:
Explain and use the COSO framework and its relevance to internal governance auditing
Describe and use the COBIT framework and its application in assessing internal governance controls
Analyse the interdependencies and complementarity between COSO and COBIT in auditing internal governance processes
Identify key risks and controls within the internal governance system
Apply COSO and COBIT principles and methodologies to assess the effectiveness of internal governance controls and provide added-value recommendations
Understand the importance of aligning internal governance with organisational objectives and strategic priorities
Recognise the role of technology and information systems in supporting internal governance and apply COBIT principles to assess their effectiveness
Stay updated with the latest developments and emerging trends in internal governance auditing
Programme
Introduction to COSO ERM 2017 (Enterprise Risk Management) Framework
Overview of the COSO ERM 2017 framework and its components
Applying the five COSO ERM 2017 components: Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring
Linking COSO ERM 2017 principles to internal governance objectives
COSO ERM 2017 and specific topics ‘fraud, cyber-security, risk appetite
Case studies and practical exercises to apply COSO ERM 2017 principles in internal governance auditing.
Description of the COBIT 2019 Framework
The COBIT 2019 framework and its domains
Understanding the COBIT 2019 Core Principles and the Governance and Management Objectives cascade
Linking COBIT 2019 principles to internal governance objectives
Applying COBIT 2019 in assessing IT governance controls within the internal governance system
Practical exercises to apply COBIT 2019 principles in internal governance auditing.
Synergies Between COSO ERM 2017 and COBIT 2019
Exploring the overlaps and synergies between COSO and COBIT
Identifying how COSO and COBIT can be used together to enhance internal governance auditing
Case studies and group discussions on integrating COSO and COBIT in internal governance audits
Assessing the effectiveness of internal controls using a combined COSO-COBIT approach.
Advanced Techniques in Internal Governance Auditing
Risk identification and assessment techniques in internal governance auditing
Evaluating the design and operating effectiveness of internal controls
Analysing control deficiencies and their impact on internal governance
Integrating COSO and COBIT in identifying control gaps and recommending improvements
Using data analytics and technology-assisted auditing techniques in internal governance audits
Emerging Trends and Best Practices in Internal Governance Auditing
Review of emerging trends and challenges in internal governance auditing
Exploring the impact of digital transformation and emerging technologies on internal governance
Case studies on innovative approaches to internal governance audits
Discussion on reporting and communicating audit findings to key stakeholders
Recap of the key concepts, techniques, and insights gained throughout the programme.
Case Study 1 - Control Environment Assessment: Apply COSO ERM 2017 and COBIT 2019 principles to assess the control environment within an organisation and identify areas for improvement.
Case Study 2 - Risk Assessment and Control Activities: Utilize COSO ERM 2017 and COBIT 2019 methodologies to assess risk and control activities within an internal governance system.
Case Study 3 - Information and Communication Assessment: Apply COSO ERM 2017 and COBIT 2019 principles to assess information and communication processes within an internal governance system.
Methodology
This training programme will adopt a blended learning approach to ensure an interactive and engaging experience for participants. The program will include a combination of:
Interactive lectures
Case studies
Group discussions and activities
Practical exercises
Q&A sessions
Continuous learning support
The programme is aligned with the IIA recommendations.
Target audience
We welcome Heads of Audit, Governance Bodies Members, CEOs and Executives, Heads of Strategic Business Implementation, Business Leaders, and Department Managers. Senior Auditors, Senior Risk Managers with a minimum of 5 years of experience who possess a strategic and methodological mindset.
Modalities
Course Material
No course materials are available for this for this course.
Exam
No exam is available for this course.
Contact
For further questions please contact our partner in your country